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Community Express Loan Details

Community Express
Maximum Loan Amount $250,000
Maximum SBA Guarantee Percent Follows standard SBA guarantee percent
Interest Rate Standard SBA rates apply: Lenders may charge up to Prime plus 2.25% for maturities under seven years and Prime plus 2.75% for maturities of seven years or more, with rates 2% higher for loans of $25,000 or less and 1% higher for loans between $25,000 and $50,000.
Eligibility Decision


Revolving Lines of Credit Allows revolving loans up to 7 years
Turnaround Time Mostly within 36 hours
Forms Lender uses mostly own forms and procedures

Lenders are not required to take collateral for loans up to $25,000. Lenders may use their existing collateral policy for loans from $25,000 to $250,000.

Credit Decision By lender
Technical Assistance

Lender must ensure borrower receives appropriate technical assistance (T/A) but may use SBA’s Small Business Training Network (SBTN) and/or other SBA T/A resources to fulfill T/A requirements. Lender must document provision of T/A in loan file.




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