Question: How Can I Get an SBA Export Express Loan?
Answer: The SBA Export Express Loan program provides U.S. small businesses a fast way to receive SBA-backed financing for loans and credit lines up to $250,000. The SBA streamlines the process with expedited eligibility review and response in 24 hours.
An Export Express Loan may be used for export development activities, including:
- Standby Letters of Credit when required as a bid bond, performance bond or advance payment guarantee
- Translation of product brochures or catalogues for use in overseas markets
- General lines of credit for export purposes
- Service contracts from buyers located outside the United States
- Transaction-specific financing needs associated with completing actual export orders
- Purchase of real estate and equipment to be used in the production of goods or services for export
- Provide term loans and other financing to enable small business concerns, including export trading companies and export management companies, to develop foreign markets
- Acquire, construct, renovate, modernize, improve or expand productive facilities or equipment to be used in the United States in the production of goods or services for export
- Only SBA approved "Express" lenders are able to process Export Express loans. Check with your lender to see if they can process your loan request.
