Director, Office of Financial Assistance

3245-AH85 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3245 Small Business Administration SBA Express Loan Programs

The SBA Express loan program reduces the number of Government mandated forms and procedures. It also streamlines the processing and reduces the cost of smaller, less complex SBA loans. Particular features of the SBA Express loan program include: (1) SBA Express loans carry a maximum SBA guaranty of 50 percent; (2) SBA Express lenders use, to the maximum extent practicable, their own documentation, analyses, policies and procedures; and (3) a response to an SBA Express loan application will be given within 36 hours. The Export Express Program, made permanent by the Small Business Jobs Act, makes guaranteed financing available for export development activities. SBA plans to codify specific guidance on these two 7(a) delivery methods as well as the CARES Act authorization to permanently increase the maximum loan amount from $350,000 to $500,000 for SBA Express, which is effective October 1, 2021.

]]> Other Significant Previously Published in The Unified Agenda Proposed Rule Stage No No 13 CFR 120 13 CFR 121 secs. 7(a)(31) and 7(a)(34) of the Small Business Act No NPRM 10/00/2024 No None No No No Dianna Seaborn L. Director, Office of Financial Assistance 3245 Small Business Administration SBA 202 205-3645 dianna.seaborn@sba.gov 409 Third Street SW, Washington DC 20416