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  1. #1

    Best SBA Express Lenders in 2023

    Looking for better SBA Express lender options. Few of large banks we tried with are pretty slow and decline at end such PNC bank.

    Anyone have suggestions for SBA Express lenders that working well in 2023 given the financial climate?

    Thanks

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Irvine, CA
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    Well I have had good luck with SmartBiz but they don't call it SBA express. I just got one done that took 25 days through Cadence bank through them. They have several banks they work with but see if you can request Cadence.

    Matt Grotzinger
    Senior Partner Success Manager
    P: (512) 792-3567
    E: matt.grotzinger@smartbizloans.com
    Last edited by Olderguy; 04-20-2023 at 06:01 PM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Senior Member Reputation points: 14313
    Join Date
    Apr 2020
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    Fundshop

  4. #4
    I don't do SBA express 7a loans but I just closed a deal where the borrower signed a purchase agreement and we closed 38 days later with an SBA 7a loan. I could have moved faster but the borrower and his CPA slowed us down a bit.
    I only work on CRE secured deals from $250,000 to $6.2M but we can move as quick, or quicker, with the standard SBA 7a program.
    Dan Wallace
    SVP
    Enterprise Bank
    National, direct SBA lender
    Fast and creative financing solutions
    970-390-6650
    dwallace@enterprisebank.com

  5. #5
    Senior Member Reputation points: 1383
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    1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
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    You can see the biggest SBA 7A lenders by year and state and depends on the loan size you needed Funded. You can look at last years #'s and see how many funds and avg loan size. You can also take a 7A every 6 months up to 3 if they are growing rapidly and have the right credit scores and they will pay off any High cost money used to keep growing at every step.

    You can search By Date, Race, Size and now they update weekly.... Good Luck!
    Clean up your merchants and Re-up dont do the High risk **** deal stacking...

    https://careports.sba.gov/views/7a50...&%3Atoolbar=no
    Last edited by GoldStandard; 05-10-2023 at 06:25 PM.

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