SBA EXPRESS LOAN
An SBA loan is a small business loan that is partially guaranteed by the Small Business Administration, which eliminates some of the risk for the financial institution who is issuing the loan.
Max loan amount of $350,000
Best for pure working capital needs
Rate equal to prime + 2.75%
10 year term
Collateral may or may not be required
Monthly payments
No pre-payment penalty
Can be used to consolidate higher interest debt
Funding within 60 days