SBA Express Loans at Highland Bank: Working Capital Lines of Credit

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This SBA program provides working capital lines of credit for manufacturing, wholesale, services and retail businesses. May be used to finance inventory, accounts receivable, a specific contract and more.

Terms of up to 5 years
Competitive rates
No application required

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Download Highland Bank’s SBA Loans Comparison Chart (PDF)

SBA Express Loan Guidelines

Eligibility

For-profit business
Must qualify as a small business according to SBA Size Guidelines (varies by industry type)

Loan Size

Maximum SBA loan amount is $500,000

Financing

Provided by Highland Bank
SBA provides a 50% guaranty to Highland Bank

Use of Proceeds

Working capital lines of credit

Collateral

SBA requires that Highland Bank take a first secured interest in business assets and/or a mortgage on real estate.

Loan Terms

Revolving lines of credit available up to 5 years. Initial term is 1 year with renewal options.

SBA Guaranty Fee

SBA has waived the guaranty fee through 9/30/2025.

Interest Rate Spreads

Rates can be fixed or variable. Maximum spread: For loans equal to or less than $50,000 the maximum spread is WSJ Prime +6.5%
For loans over $50,001 and up to $250,000 the maximum spread is WSJ Prime + 6.0%
For loans over $250,001 and up to $350,000 the maximum spread is WSJ Prime +4.5%
For loans over $350,001 and up to $500,000 the maximum spread is WSJ Prime +3.0%