SBA Express Loan Program for Businesses

This listing is for an SBA Express Loan program designed for businesses. It offers competitive interest rates starting at 2.75% plus Prime, with a fast 30-day closing period. The loan amounts range from $25,000 to $150,000. Eligibility requires at least two years in business and a personal credit score above 685. Funds can be used for working capital, equipment purchase, or debt refinancing. The loan considers only business assets and can be secured by commercial real estate without requiring an appraisal. Applicants need to provide three years of business and personal tax returns, a debt schedule, and a Personal Financial Statement (PFS), with a Debt Service Coverage Ratio (DSCR) of 1.15.