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 SBA Form 1920 Lender's Application for Loan Guaranty for All 7a Loan Programs 2020-2025

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Express Loans these are term loans or L of credit up to 500k these are also 10 years on working uh on working Capital Equipment inventory purchases same thing with real estate 25 years on real estate purchases lines of credit up to 10 years now the funding speed on this 36 uh 36 hours but from the moment that you actually get the approval to the moment that that money that line of credit that Term Loan whatever it is that you get approved for hits your bank you're looking at 90 days now this can be used for Real Estate purchases business expansions and Renovations startups one year or less in operation can be eligible as well basic requirements similar to the community and that is credit at least 600 under 600 you can apply for up to 150 so if you have under a 600 credit score you're not going to be able to obviously get up to the 500k you're going to be able to get up to the 150 if you have over that then obviously you can qualify for as much as they they they

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