** 14218 Cimarron Drive ** Balch Springs, Texas 75180 ** Office 214-347-8027 ** Fax 214-231-3075 **

 

 
Express Business Loans

Community Express Loans

The total amount of the SBA community express loan may not exceed $250,000. The SBA guarantees 85% for loans of $150,000 or less and 75% for loans over $150,000 (up to $250,000). Community Express Loans require no equity/collateral up to $25,000, with a maximum maturity term of 7(seven) years. Interest rates are set by lender, usually at prime plus 3 to 5%. Turn around time ranges 10 to 15 working days and technical assistance is provide free of charge by the lender.

How To Qualify 

The client must be a minority, woman, and veteran or conduct business in low moderate-income area. Must not have current bankruptcy, federal tax lien, delinquent child support, delinquent student loan, criminal conviction or slow pays/delinquencies.

Express Loans

The Express Loan is identical to the Community Express Loan with the following exceptions: The client is not required to be a minority, woman, and veteran or conduct business in low moderate area. Maximum SBA guarantee is 50% of loan amount. The technical assistance is not required or provided. The maximum loan amount is $150,000.

SPECIAL NOTE: Loans greater than $250,000 are available. Please indicate by typing SBA-7A at top of your application and specify requested loan amount.

Please bring or mail the following items to apply
for SBA Express/Community Express Loans:

  • Copies of driver’s license

  • Social security card
  • Certificate of Incorporation (If corporate)
  • Assumed name certificate (If not corporate)
  • Two (2) business/personal checks
  • Sales Tax Permit
  • INS card (If not U.S. citizen)
  • Business advertising literature, flyer, cards, brochures etc.
  • Business plan, financial projections
  • Proof of home ownership (if home owner)
  • Last 1-3 years tax return both business & personal

To Request Services, Click Here.

E-mail: sam@businessexpressloan.com