Additional Information
CommunityExpress loans must
meet the basic 7(a) loan criteria except where differences specified
below:
SIZE
ELIGIBLE AND INELIGIBLE TYPES OF BUSINESS
Types of Loans Not Allowable for CommunityExpress
(a) Disabled Assistance Loan Program (DAL)
(b) Energy Conservation
(c) International Trade
(d) Qualified Employee Trusts (ESOP)
(e) Pollution Control Program
(f) Defense Loan and Technical Assistance (DELTA)
(g) Export Working Capital Program (EWCP);
and
(h) CapLines Program (including Builders Loan
Program)
USE OF PROCEEDS
Types of Businesses Not Allowable for CommunityExpress
(a) Agricultural and farm businesses
(b) Fishing and shore operations (including
commercial fishing activities and the construction of new fishing
vessels)
(c) Medical facilities (including residential
care facilities)
(d) Mines (including sand and gravel pits)
(e) Applicants doing business in foreign countries
(f) Businesses engaged in teaching, instructing,
counseling or indoctrinating religion or religious beliefs, whether
in a religious or secular setting; and,
(g) A business with any products or services
of a sexual nature.
AVAILABILITY OF FUNDS
FROM OTHER SOURCES
Maturity Terms For
7(A) Loans
Interest Rates Applicable
to 7(A) Loans
Percentage of Guaranty
on 7(A) Loans
SBA Fees for 7(A) Loans
Prepayment Penalties
for SBA 7(A) Loans |