SBA Express Working Capital Loans: The Quick and Easy Way to Finance Your Business

SBA Express Working Capital Loans: The Quick and Easy Way to Finance Your Business

SBA Express Working Capital Loans are a good option for small businesses seeking fast funding. Although the SBA does not issue these loans directly, they guarantee a portion of the loans that originate from lenders. There are 14 direct licensed SBA loan originators available, and it is recommended to work with a PLP lender.

The express loan offers quick turnaround times, with responses typically received within 36 hours, and loan amounts of up to $500,000. General qualifications for the loan include meeting the SBA's definition of a small business, having good credit scores and financial history, and the ability to repay the loan.

Beau helps businesses navigate the loan process by working with banks, credit unions, and non-bank SBA lenders to find the best fit for their needs. Most lenders don't offer working capital loans, but the speaker has a handful of core partners who do.

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These lenders typically only offer SBA 7a and 504 loans in addition to working capital loans because a lot of allocation is required, and this has to be documented. Most lenders sell off the guaranteed portion of their loans in the secondary market, which is why they may not prefer to do working capital loans.

However, Beau assures that solutions are available, and businesses can book a call to discuss their needs, including SBA and investor financing.

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SBA Express Working Capital Loans
Timestamps:
(00:03) Introduction to SBA Express Working Capital Loans
(00:16) 14 direct licensed SBA loan originators are available
(00:20) How the SBA guarantees a portion of loans originated by lenders and the importance of working with a PLP lender.
(00:26) Advantages of the Express Loan
(00:43) The General Qualifications for the working capital loans
(01:18) Limited number of lenders who offer working capital loans
(01:30) The importance of documenting how the funds will be used.
(01:52) Why most lenders don't offer working capital loans

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#SBA #SBAExpress #SBA7a #SBA504

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

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