SBA Express Bridge Loans

Details about the new SBA Express Bridge Loan program.

Sba Express Bridge Loans 420X320 20200401

August 5th, 2020

The Small Business Administration's Express Bridge Loan Progam has been in place since 2017 to help businesses in areas with a Presidentially-declared emergency to access expedited SBA loans of up to $25,000. On March 25, 2020, the SBA expanded the program so that small businesses across the nation are eligible if their business has been affected by COVID-19.

The COVID-19 emergency declaration covers all states, so businesses in any state can qualify and apply through an SBA lender until March 13, 2021.

The Details:

Express Bridge Loans can be obtained through any qualified SBA Express lender. In order for an institution to grant an Express Bridge Loan, they must already have a relationship with the business that is seeking the loan. The maximum loan amount is $25,000. Funds will be received by businesses with 45 days of their application.

The purpose of the Express Bridge Loans Pilot Program is to provide working capital that will help businesses survive the economic downturn caused by COVID-19.


Any small business that has been affected by COVID-19 is eligible for an SBA Express Bridge Loan provided they already have a relationship with an SBA Express Lender. Generally speaking, the SBA defines a small business as one that has a maximum of 100 to 1,500 employees, but you can see their full list of standard industry sizes for more details.

Rates & Fees:

Annual service fee

Up to 0.55% of the remaining balance on the loan

Application fee

The greater of $250 or 2% of the total loan amount.

Late payment fee

Maximum of 5% of scheduled payment.

Upfront guaranty fees

2% of guaranteed portion of the loan to a maximum of $500.


None required.


Maximum of Prime + 6.5%

How to Apply for an SBA Express Bridge Loan:

To apply for an SBA Express Bridge Loan, speak with a representative at your business's current financial institution. If they are a qualified SBA express lender, they will be able to guide you through the loan application process.

Required Documentation:

In order to apply for an SBA Express Bridge Loan, you will need to provide the following information/documentation to the lender:

  • IRS tax transcript.
  • Documentation proving an existing financial relationship between the borrower and the lender.
  • SBA borrower information form.

The lender may also require additional documentation based on their internal lending requirements.


Is an SBA Express Bridge Loan a 7(a) loan?

An SBA Express Bridge Loan is a type of 7(a) loan. 7(a) is an SBA classification for loans that are intended to provide financial assistance to small businesses.

How much can I borrow with an Express Bridge Loan?

The maximum loan amount for an Express Bridge Loan is $25,000 per business.

What credit score does my business need to obtain an Express Bridge Loan?

The business owner's personal credit score must be satisfactory according the lender's standards for non-SBA loans.

What is the interest rate for an SBA Express Bridge Loan?

Interest rates will vary by lender, but the maximum prescribed interest rate for an EBL is Prime + 6.5%.