SBA Express Program

The SBA Express programs are expedited loan processes that reduce the number of government mandated forms and procedures. They streamline processing and reduce the cost of smaller, less complex SBA loans by utilizing, to the maximum extent practicable, your credit union’s loan analyses, procedures, and documentation.

Key features of the SBA Express programs include:

  • Revolving lines of credit or term loans
  • Maximum loan amount up to $500,0001
  • Guaranty of 50-90%2
  • Use of loan proceeds are the same as a standard 7(a) loan

SBA Vehicle Program

Designed to maximize the use of the SBA Express Program, MBL has developed a convenient SBA vehicle lending program that can be implemented at the branch level. It is a vehicle loan program for businesses and business owners of your credit union. This program will:

  • Add or increase business loans and account relationships with members
  • Increase the potential for other business related loans, accounts and services
  • Increase and diversify your credit unions loan portfolio
  • Increase your credit union’s Return on Assets (ROA)
  • Decrease loan risk exposure

The SBA Express program provides longer terms, which results in lower payments, increasing the monthly cash flow to the business. Loans granted under this program will not appear on the member's personal credit report. The loan process is quick and efficient:

  • The credit union follows its vehicle loan policies and procedures and determines credit approval. (Except these loans require no down payment and have maturities up to 10 years)
  • Upon credit union approval, completed loan documents are submitted electronically to MBL for SBA eligibility review
  • Upon SBA approval and authorization, loan closing documents are prepared and sent electronically back to the credit union forclosing and funding
  • With complete documentation MBL can complete the loan process in a few hours

1Gross limits include any outstanding SBA Express, Community Express, Patriot Express and Export Express loans. SBA Express limited to $350,000; Export Express and Patriot Express are limited to $500,000.

2SBA Express guaranty 50%; Export Express guaranty 90% for loans of $350,000 or less, 75% from $350,000 to $500,000; Patriot Express guaranty same as Standard 7a