Cover photo for SBA Express Bridge Loans

SBA Express Bridge Loans

Small Business Association

Closed March 13, 2021

About

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

Eligibility

EBL loans may only be made to:

  • For Presidential Disaster Declarations, small businesses that were located, as of the date of the applicable disaster, in Primary Counties that were declared disaster areas under the Presidential Disaster Declaration or in any Contiguous Counties; or

  • For the COVID-19 Emergency Declaration, small businesses located in any state, territory and the District of Columbia that have been adversely impacted by the COVID19 emergency.

The small business must have been operational when the declared disaster commenced and must meet all other loan eligibility requirements outlined in this Program Guide.

Terms

  • Up to $25,000

  • Fast turnaround

  • Will be repaid in full or in part by proceeds from the EIDL loan

Resources

Similar Programs

Details

Release Date

March 25, 2020

Deadline

March 13, 2021

Organization

Small Business Association (SBA)

Financial Instrument

Loan

Maximum Award Amount

$25,000

Image Credit

Cytonn Photography

Updated January 28, 2021

This information was gathered from public sources. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites. All information is subject to change.