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SBA Community Express

What It Is

Self-Help is offering the SBA Community Express Loan Program to provide expansion and start-up capital to small businesses. The program offers up to an 85% guarantee from the SBA for most loans under $150,000, including unsecured loans up to $25,000 for qualified borrowers. A 75% guarantee is available for loans in the amount of $150,000 to $250,000.

Key Facts

Loans up to $250,000

Flexible underwriting guidelines

Packaging fee is 1% of loan amount or $1,000; whichever is less. Minimum fee is $250.

Uses of SBA Community Express Loans

Working capital

Purchase of equipment/machinery

Purchase of inventory

Expansions

Eligible Borrowers

Women

Minorities

Veterans

Business owners in low to moderate income areas

Benefits and Requirements

Technical assistance is an SBA requirement for all Community Express loan borrowers. Self Help has partnered with the following organizations to provide technical assistance:

Small Business and Technology Development Center

The North Carolina Institute of Minority Economic Development

Please contact us to learn more.