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09-09-2021, 08:31 PM #1
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,981
SBA Express Loan Funding Increase
SBA Express Loan Funding will be increased permanently to $500K effective October 01, 2021
Quick Overview:
SBA Express Loan Details
Maximum 9.75% APR
Repayment Terms
Up to 25 yearsDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-10-2021, 12:29 PM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Thanks for update Dave..
Just because limits change doesn't mean all banks will consider extending their limit on product because the Guaranty on 'Express' is lower percentage. Guess we'll see.
In 2020 the Express limit was 1M (as part of the stimulus) and Citizens Bank gave one of our clients a 1M revolver. They PUSHED to get it done the last week of the Quarter because the limit was going down in 2021.
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09-10-2021, 02:44 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,981
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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