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SBAExpress

A flexible credit line for SBA qualified businesses

The SBAExpress program offers a revolving line of credit option for businesses looking for loan amounts up to $350,000. This line of credit may be used for a wide range of business purposes, so you can dedicate the funds to growing your business.

Ideal for New and existing small businesses
Qualification Guidelines Qualify per SBA guidelines
Use of Proceeds Working capital
Loan Size Amounts up to $350,000
Financing Detail Financing through Bremer Bank, with SBA guaranteeing 50% of loan amount
Collateral Business assets and/or mortgage on real estate
Underwriting Requirements Personal guaranty by all owners of 20% or more; adequate business or personal collateral; hazard insurance
Loan Terms Revolving line of credit
Interest Rates Variable rates based on Wall Street Journal Prime Rate
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