SBA EXPRESS LOAN

Category: Federal

Featuring a simplified process, these loans are deleivered by experienced lenders who are authorized to make credit decisions for the SBA. These can be term loans or revolving lines of credit. Maximum loan is $350,000. The interest rate for loans less than $50,000 is prime + 6.5%; and for loans of $50,000 or greater, prime + 4.75%. Terms vary according to the purpose of the loan, generally they are up to 25 years for real estate and 10 years for other fixed assets and working capital. Guarantee is 50%.

Contacts

Tim Jeffcoat
SBA
District Director
Phone: (713) 773-6508
timothy.jeffcoat@sba.gov

Testimonials

“Texas continues to shine as the beacon of economic prosperity in America, and I am proud to accept Site Selection’s Governor’s Cup for a record-shattering tenth straight year. Texas is the new frontier where dreams, families, and jobs grow. This honor is a testament to the unmatched business climate and highly skilled and diverse workforce we have cultivated here in the Lone Star State.”

– Governor Greg Abbott