SBA Express Loans

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 7 years
  • Competitive rates
  • No application required


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

SBA Express Loan Guidelines

  • 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 $350,000
  • Provided by Highland Bank
  • SBA provides a 50% guaranty to Highland Bank
Use of Proceeds
  • Working capital lines of credit
  • 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 7 years. Initial term is 1 year with renewal options.
SBA Guaranty Fee
  • SBA charges .25% of the guaranteed portion the first year on the line of credit
  • During the second year 1.75% will be charged on loans of $150,000 or less and 2.75% on loans over $150,000
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 +6.50%
  • For loans over $50,000 and up to $250,000 the maximum spread is WSJ Prime + 4.50%