WHO'S

ELIGIBLE

SBA EXPRESS BRIDGE LOAN

LOAN

AMOUNT

TERM

INTEREST

RATE

COLLATERAL

Allowable Use of Loan Proceeds

application

processing timeframe

Small businesses and non-profit organizations in the U.S. and its territories are eligible to apply for a SBA Express Bridge Loan while 

waiting for a decision on Economic Injury Disaster Loan application if they have had an existing relationship with the lender prior to disaster

Up to $25,000

Up to 7 years

Prime Rate + 6.5% 

No collateral needed

Loan proceeds must be used to pay for the expenses of the business

CREDIT AVAILABILITY

ELSEWHERE

Applicant must demonstrate that financing cannot be obtained from a non-Federal source without SBA assistance. This can be shown by a lender certification on the Lender’s Application for Loan Guarantee Form (SBA Form 1920)

READY TO APPLY? 

Supporting Documents needed

  • Complete copy of the most recent Federal Income Tax Return

  • Schedule of Liabilities

  • Personal Financial Statement for each principal

  • A current year-to-date profit-and-loss Statement

  • A stement providing monthly sales figures

SBA “endeavors” to provide loan numbers within one business day of receipt of the application. Disbursement of proceeds should occur within 45 days of the lender’s receipt of an SBA loan number. Disbursement must occur within 90 days of receipt of an SBA loan number or the loan will be cancelled

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