Express Purchase
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The SBA Express program has several unique features that make it different from other 7a loans. One of the most important differences is the requirement that all liquidation or collection activity must be completed before the demand for purchase is submitted unless the Expedited Demand Procedure is utilized. SBA Procedural Notice 5000-803 ) For further information on SBAExpress or CommunityExpress please refer to the SBA Express Program Guide.
To facilitate the ease in which your package flows through our system we strongly recommend that you use
SBA Form 1149
Lender’s Transcript of Account. To electronically submit your PDK using our third party secure transmission service SendThisFile which offers 128-bit encryption. To send PDKs to Little Rock using SendThisFile, click here. To send PDKs to Fresno, click here. Or send your PDK on disk (jump/flash drive or cd) to:
How should I submit my Demand?
SBA has a 10 Tab Purchase Demand Kit (PDF)for lenders to use to facilitate the purchase process. The PDK is available online. If you have Adobe Acrobat Professional 8 or above then you can add your documents directly to the PDK and save it to a disk or archive it with the information on your hard drive.
We have redesigned, updated and streamlined our PDK. We are proud to present our 10 Tab PDK for the SBAExpress program which is available here online. We have even added the Express Purchase label to each page to help avoid confusion with any other PDK. The new 10 Tab Express PDK requires use of Adobe Acrobat Reader 8 or above. Our 10 Tab Express PDK features enhancements such as more detailed explanations of the tabs, drop down menus and fillable fields and it allows you to save your data in the PDK itself so you can complete it now or later. You can download our new 10 Tab Express PDK and contact us if you wish to have someone walk you through it.
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