The SBA Export Express Program provides exporters and lenders a streamlined method to obtain SBA-backed financing for loans and lines of credit up to $500,000. Lenders use their own credit decision process and loan documentation; SBA provides an expedited eligibility review and provides a response within 24 hours.
|Maximum Loan Amount:||$500,000|
|Maximum SBA Guaranty %:||90% for loans of $350,000 or less; 75% guaranty for loans greater than $350,000.|
|Interest Rate:||Interest rates are negotiated between borrower and lender, but may never exceed SBA interest rate caps. Rates can either be fixed or variable, and are tied to the prime rate as published in The Wall Street Journal, the LIBOR rate, or the optional peg rate (as published quarterly in the Federal Register).|
|Eligibility Decision:||By SBA.|
|Revolving Lines of Credit:||May not exceed seven years.|
|SBA Turnaround Time:||Within 24 hours.|
|Forms:||Lender primarily uses own forms and procedures, plus SBA Form 1919, Borrower Information.|
|Collateral:||Lenders follow collateral policies and procedures that the lender has established for its non-SBA-guaranteed loans.|
|Credit Decision:||By lender.|
For More Information
SBA Senior International Credit Officers can provide in-house training to help lenders become proficient in the Export Express program. For more information on this training or for application assistance, contact your local U.S. Export Assistance Center.