# SBA Express

The Express version of a [7(a)](https://searchspheresource.com/glossary/sba-7a): faster, less paperwork, capped at $500,000.

Express trades size and guarantee for speed: the cap is $500,000 and the government guarantees half instead of three-quarters, so banks decide faster and lean on their own [credit box](https://searchspheresource.com/glossary/credit-box) harder. For a business acquisition it is usually the wrong door, because most deals need more money and the full guarantee is what makes [goodwill](https://searchspheresource.com/glossary/goodwill) lending work. Where it earns its place is beside the deal: a [working-capital](https://searchspheresource.com/glossary/working-capital) line or an equipment loan after closing, from a bank that already knows the file.

In numbers: A $350,000 working-capital line closes as an Express loan in days, not weeks; the bank keeps only a 50% guarantee, so it underwrites the deal harder than a 7(a) desk would.

Source: https://searchspheresource.com/glossary/sba-express
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