Small Business Express Loans

The SBA Express Loan is the fastest easy to secure business capital. With an approval time under 36-hours, funding within 90-days, and a streamlined application, this loan is perfect for financing your immediate business needs.

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Benefits of the SBA Express Loan

Fast Approval

Funding Within 90-Days

Loan or Line of Credit Available

Competitive Rates

Streamlined Application

Wide Variety of Uses

How to Use the SBA Express Loan

The SBA Express Loan is perfect when you need funding quickly. Uses for this loan include:

  • Funding long- and short-term working capital 
  • Purchasing equipment, supplies, machinery, furniture, or materials 
  • Purchasing real estate, including land and buildings 
  • Constructing a new building or renovating an existing building 
  • Refinancing existing debt
  • Establishing a new business or assisting in the acquisition, operation, or expansion of an existing business

This loan cannot be used for the following:

  • Repaying delinquent taxes
  • Reimbursing an owner for previous business investments
  • Uses not deemed as sound by the SBA

SBA Express Loan Eligibility

Businesses must demonstrate their ability to operate for a profit and cover their day-to-day operating expenses. The business owner(s) must also show that they have invested a significant amount of their own capital in the business and have good FICO>® scores and payment history.

The SBA defines additional the eligibility criteria, including the following:

  • Be a for-profit business located in the U.S. 
  • Be able to demonstrate a need for a loan and use the funds for a sound business purpose. 
  • Not be delinquent on any existing debt obligations to the U.S. government 

Some businesses may not qualify for an SBA Express Loan, and you can read more about ineligible businesses here.


"When we first started working with Wasatch Peaks, we loved how home town they felt. It’s important for us to be with someone local and part of the community. They’re also very personable and easy to work with. We enjoy working with Wasatch Peaks."

- Ryan Spelts, Connection Publishing


SBA Express Loan FAQs

You probably have a few questions, and we have some answers. Here are the most frequently asked questions about SBA Express Loans:


  • How much can I borrow with an SBA Express Loan?

    The loan limit for an SBA Express Loan is $350,000 in either a line of credit or a term loan.

  • Who is eligible for an SBA Express Loan?

    SBA loans are approved by the lender using SBA eligibility criteria requirements (covered above) as some of the many factors going into the consideration process. Our business loan officers also look at applicants’ credit scores using the FICO® Small Business Scoring Service® product (SBSS) and the businesses’ ability to generate profit and pay their operating expenses.

  • How long are the loan terms?

    With the SBA Express Loan, loan terms go up to seven years.

  • What do I need to apply for the SBA Express Loan?

    As you’d expect, you need to present business records and documents to qualify for the loan. The good news is that the SBA Express Loan has a streamlined application, so you’ll need far fewer documents than with other business loans. Typically, borrowers will need:

    • Financial projections and a current profit and loss statement 
    • Detailed business owner information
    • History of previous loans 
    • Tax documents for all owners
    • Plans for using loan funding

    To get the most up-to-date list of required documents, contact our Business Development Department at 801-452-7885 or email them at business@wasatchpeaks.com.

Wasatch Peaks CU SBA Express Loans

At Wasatch Peaks CU, our SBA loans come with our long-standing commitment to local businesses in the Davis, Morgan, and Weber counties. We have financial advisors experienced in a diverse range of businesses and industries, and they’re ready to help your business secure funding.


For more information contact our Business Services Department at 801-452-7885, email them at business@wasatchpeaks.com, or click below to get started.


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