DIR's Supplier Diversity Information Resource Guide 20, Jan 2012 | Page 28

COPYRIGHT 2012, DIVERSITY
Finance, Investment and Procurement Programs INFORMATION RESOURCES, MINNEAPOLIS, MN

request to a loan-processing center. The center will obtain the recommendation of each SBA office in the
area into which the PLP Lender would like to expand its PLP operations. The center will forward the recommendations to the AA/FA for final decision. If a PLP Lender is not a CLP Lender in a territory into which it
seeks to expand its PLP status, it automatically obtains CLP status in that territory when it is granted PLP
status for the territory.
Because of the expanded authority and the expedited nature of the PLP program, certain loans cannot be
processed under the PLP Program. A PLP Lender should consult SBA's SOP, and or the PLP Loan Processing
Center for these guidelines.
www.sba.gov/financing/lendinvest/plp.htm
SBAExpress
Maximum Loan Amount:
Maximum SBAGuaranty %:
Interest Rate:

Eligibility Decision:
Revolving Lines of Credit:
Turnaround Time:
Forms:
Collateral:

Credit Decision:
Purchase:

$350,000
50%
.
on
ati
Lenders and borrowers can negotiate the interest rate. Rates are tied to the
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o
inf
prime rate (as published in the Wall Street Journal) and may be fixed or
ore
m
variable, but they may not exceed SBA maximums:
for
om
Lenders may charge up to 6.5 percent over prime rate for loans of $50,000 or
s.c
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ou
less and up to 4.5 percent over the prime rate for loans over $50,000
es
oR
By SBA, Qualified Lenders May be granted Authorization to make eligibility
Inf
ty
rsi
ve
determinations
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SBAExpress allows revolving loans up to 7 years withInfmaturity extensions
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permitted at the outset
co
se
a
Within 36 Hours
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Lender Uses Mostly Own Forms and Procedures
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s,
oli
Lenders are not required to take collateral for loans up to $25,000. Lenders
ap
e
nn
may use their existing collateral policy for loans over $25,000 up to
Mi
s,
e
$150,000. For Loans greaterrcthan $150,000, follows SBA's general collateral
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R
policy
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ati
By Lender
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May requestrsexpedited SBA purchase on small loans or in situations where
ity
e
D
liquidationivmay be delayed.
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oth

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Lender Participation
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ye
A lender may be eligible to y an
participate in SBAExpress if one of the following:
b
ld with SBA and meet certain portfolio performance standards. There are no
• Currently participate
so
or
minimum SBA loan volume requirements to begin making SBAExpress loans.
ed
uc
rod
• Are a non-SBA lender that currently makes a reasonable number commercial loans of $50,000 or less,
rep
and t be
no
ay
• n mLoans made under this program generally follow SBA's standards for Size, Use of Proceeds, Type of
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ati
Business and Availability of Funds. Differences unique to SBAExpress are noted below. Contact your
lic
ub
sp
SBA district office for more information.
i
Th
Lenders may use SBAExpress only for 7(a) loans and not for the microloan program, the development company program (504), or for LowDoc loans or any other SBA pilot program loans, unless specifically allowed by
that pilot. In addition the following loans or loan programs are not allowed under SBAExpress:
• Disabled Assistance Loan Program (DAL)
• Energy Conservation
• International Trade, except for Export Express loans described in further detail in section 11 below
• Qualified Employee Trusts (ESOP)
• Pollution Control Program
• Defense Loan and Technical Assistance (DELTA)
• CapLines Program (including Builders Loan Program)
• Community Investment Adjustment Program (CAIP)

SECTION 2

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2012 Supplier Diversity Information Resource Guide

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