SBA Express 30-Day
Fast Working Capital Program

One of the best financing options available for small businesses is an SBA loan. SBA loans offer many advantages, including low interest rates and long repayment terms. However, they typically have strict qualification requirements, require extensive documentation, and often take more than three months to fund.

 

We offer an SBA Express program under the SBA 7(a) program that can provide funding in as little as 30 days.

 

    • Loan Amount: $50,000 – $150,000
    • Funding Time: As little as 30 days
    • Purpose: Business Working Capital
    • Variable Interest Rate: Prime Rate + 3.75% margin (your interest rate and monthly payment may change whenever the Prime Rate changes, which is generally adjusted quarterly)
    • Repayment Term: Up to 10 years
    • Low Fees
    • Available for Small Businesses

 

Additionally, if you need more funding, you may be able to apply for another SBA loan with a different lender approximately 90 days after receiving your SBA Express loan.

Basic Eligibility Requirements

 

  • FICO Score of 675 or higher
  • No bankruptcies within the past 7 years
  • No outstanding tax liabilities
  • No outstanding Merchant Cash Advance (MCA) debt
  • Existing SBA loans are acceptable
  • Business must have been operating for at least 2 years
  • U.S. Citizens only

Required Documents

 

  • Last 2 years of Business Tax Returns
  • Last 2 years of Personal Tax Returns
  • Year-to-Date (YTD) Profit & Loss Statement and Balance Sheet
  • Business Debt Schedule
  • Government-issued ID
  • Credit Application

 

Restricted Industries

Please consult with your accountant to determine whether your business’s industry classification and NAICS code fall within any of the restricted industries listed below.

 

Businesses operating in the industries listed below are not eligible for this program.

 

NAICS
Restricted Industries
111110Soybean Farming
111120Oilseed (except Soybean) Farming
111130Dry Pea and Bean Farming
111140Wheat Farming
111150Corn Farming
111160Rice Farming
111191Oilseed and Grain Combination Farming
111199All Other Grain Farming
111211Potato Farming
111219Other Vegetable (except Potato) and Melon Farming
111310Orange Groves
111320Citrus (except Orange) Groves
111331Apple Orchards
111332Grape Vineyards
111333Strawberry Farming
111334Berry (except Strawberry) Farming
111335Tree Nut Farming
111336Fruit and Tree Nut Combination Farming
111339Other Noncitrus Fruit Farming
111411Mushroom Production
111419Other Food Crops Grown Under Cover
111421Nursery and Tree Production
111422Floriculture Production
111910Tobacco Farming
111920Cotton Farming
111930Sugarcane Farming
111940Hay Farming
NAICS
Restricted Industries
111991Sugar Beet Farming
111992Peanut Farming
111998All Other Miscellaneous Crop Farming
112111Beef Cattle Ranching and Farming
112112Cattle Feedlots
112120Dairy Cattle and Milk Production
112130Dual-Purpose Cattle Ranching and Farming
112210Hog and Pig Farming
112310Chicken Egg Production
112320Broilers and Other Meat Type Chicken Production
112330Turkey Production
112340Poultry Hatcheries
112390Other Poultry Production
112410Sheep Farming
112420Goat Farming
112511Finfish Farming and Fish Hatcheries
112512Shellfish Farming
112519Other Aquaculture
112910Apiculture
112920Horses and Other Equine Production
112930Fur-Bearing Animal and Rabbit Production
112990All Other Animal Production
113110Timber Tract Operations
113210Forest Nurseries and Gathering of Forest Products
113310Logging
114111Finfish Fishing
114112Shellfish Fishing
NAICS
Restricted Industries
114119Other Marine Fishing
114210Hunting and Trapping
115112Soil Preparation, Planting, and Cultivating
115113Crop Harvesting, Primarily by Machine
115114Postharvest Crop Activities (except Cotton Ginning)
115115Farm Labor Contractors and Crew Leaders
115116Farm Management Services
115210Support Activities for Animal Production
115310Support Activities for Forestry
212210Iron Ore Mining
212230Copper, Nickel, Lead, and Zinc Mining
212311Dimension Stone Mining and Quarrying
212312Crushed and Broken Limestone Mining and Quarrying
212313Crushed and Broken Granite Mining and Quarrying
212319Other Crushed and Broken Stone Mining and Quarrying
212321Construction Sand and Gravel Mining
213112Support Activities for Oil and Gas Operations
221111Hydroelectric Power Generation
221112Fossil Fuel Electric Power Generation
221113Nuclear Electric Power Generation
221114Solar Electric Power Generation
221115Wind Electric Power Generation
221116Geothermal Electric Power Generation
221117Biomass Electric Power Generation
221118Other Electric Power Generation
221121Electric Bulk Power Transmission and Control
221122Electric Power Distribution
NAICS
Restricted Industries
221210Natural Gas Distribution
221320Sewage Treatment Facilities
236115New Single-Family Housing Construction (except For-Sale Builders)
236116New Multifamily Housing Construction (except For-Sale Builders)
236117New Housing For-Sale Builders
236118Residential Remodelers
236210Industrial Building Construction
236220Commercial and Institutional Building Construction
237110Water and Sewer Line and Related Structures Construction
237120Oil and Gas Pipeline and Related Structures Construction
237130Power and Communication Line and Related Structures Construction
237210Land Subdivision
237310Highway, Street, and Bridge Construction
237990Other Heavy and Civil Engineering Construction
238120Structural Steel and Precast Concrete Contractors
238130Framing Contractors
238150Glass and Glazing Contractors
238160Roofing Contractors
238170Siding Contractors
238210Electrical Contractors and Other Wiring Installation Contractors
238220Plumbing, Heating, and Air-Conditioning Contractors
238290Other Building Equipment Contractors
238340Tile and Terrazzo Contractors
238390Other Building Finishing Contractors
238990All Other Specialty Trade Contractors
441120Used Car Dealers
484110General Freight Trucking, Local
NAICS
Restricted Industries
484121General Freight Trucking, Long-Distance, Truckload
484122General Freight Trucking, Long-Distance, Less Than Truckload
487110Scenic and Sightseeing Transportation, Land
487210Scenic and Sightseeing Transportation, Water
487990Scenic and Sightseeing Transportation, Other
512131Motion Picture Theaters (except Drive-Ins)
512132Drive-In Motion Picture Theaters
521110Monetary Authorities-Central Bank
522110Commercial Banking
522130Credit Unions
522180Savings Institutions and Other Depository Credit Intermediation
522210Credit Card Issuing
522220Sales Financing
522291Consumer Lending
522292Real Estate Credit
522299International, Secondary Market, and All Other Nondepository Credit Intermediation
522310Mortgage and Nonmortgage Loan Brokers
522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
522390Other Activities Related to Credit Intermediation
523210Securities and Commodity Exchanges
523910Miscellaneous Intermediation
523991Trust, Fiduciary, and Custody Activities
523999Miscellaneous Financial Investment Activities
524113Direct Life Insurance Carriers
524126Direct Property and Casualty Insurance Carriers
524128Other Direct Insurance (except Life, Health, and Medical) Carriers
525990Other Financial Vehicles
NAICS
Restricted Industries
531110Lessors of Residential Buildings and Dwellings
531120Lessors of Nonresidential Buildings (except Miniwarehouses)
531130Lessors of Miniwarehouses and Self-Storage Units
531190Lessors of Other Real Estate Property
551111Offices of Bank Holding Companies
551112Offices of Other Holding Companies
551114Corporate, Subsidiary, and Regional Managing Offices
623110Nursing Care Facilities (Skilled Nursing Facilities)
623311Continuing Care Retirement Communities
623312Assisted Living Facilities for the Elderly
711110Theater Companies and Dinner Theaters
711120Dance Companies
711130Musical Groups and Artists
711190Other Performing Arts Companies
711211Sports Teams and Clubs
711212Racetracks
711219Other Spectator Sports
711310Promoters of Performing Arts, Sports, and Similar Events with Facilities
711320Promoters of Performing Arts, Sports, and Similar Events without Facilities
711410Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures
712110Museums
712120Historical Sites
712130Zoos and Botanical Gardens
712190Nature Parks and Other Similar Institutions
713210Casinos (except Casino Hotels)
713290Other Gambling Industries
713910Golf Courses and Country Clubs
713930Marinas
713940Fitness and Recreational Sports Centers
721120Casino Hotels
813110Religious Organizations
813940Political Organizations

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