Sba Loan Requirements 2024. An express loan is a part of the 7(a) loan program, but you can get the money within weeks instead of the typical two to three month waiting period. To qualify for an sba loan, you will need to meet common eligibility requirements โ in addition to having good personal credit and strong revenue.
If you qualify, an sba loan might be the best financing option for your business. The new, simplified guidelines for lenders are part of three updated standard operating procedures (sop), including updated origination policies and procedures, lender.