Flexible financing backed by the SBA
Helping your business stay agile, profitable, and ready for opportunity
SBA Express Lines of Credit*
When your business needs cash flow to seize new opportunities, the SBA Express Line of Credit from WaFd Bank offers a streamlined, SBA-backed solution. The SBA Express Line of Credit delivers quick approvals, flexible access to funds, and trusted guidance from a bank that truly knows small business, WaFd Bank.
Quick approvals, confident decisions
Financing up to $500,000
Personalized service and relationship banking
Fast, smart access to working capital
Features & benefits:
- Loan amounts up to $500,000
- Revolving access to working capital
- Simplified documentation and faster processing
- Ideal for short-term needs or seasonal cash flow
- Only pay interest on what you use
- 24 months use as a line of credit, then amount borrowed becomes a term loan with fixed payments
Best if you:
- Manage a growing business
- Need flexible access to capital
- Value fast approvals
WaFd Bank's SBA Loans and Credit Lines
SBA 7(a) Loan | SBA 504 Loan | SBA Express Line of Credit | |
|---|---|---|---|
Uses | Flexible; working capital, inventory, debt refinancing, purchasing another business, etc. | Buy or improve major fixed assets like commercial real estate, long-term equipment, upgrades, or expansion | Flexible; manage cash flow, seasonal gaps, emergencies, etc. |
Maximum loan amount | Up to $5,000,000 | Up to $15,000,000 | Up to $500,000 |
Term | 2 to 25 years | 10, 20, or 25 years | 10 year term, use as a line of credit for 2 years, then converts to 8 year repayment period |
Prepayment penalty | Only applicable for terms of 15 years and up, declines as years pass | Varies, but declines as years pass | N/A, use it and pay it off again and again |
Interest rate | Can be fixed or variable | Fixed | Variable |
Access to funds | Varies depending on the project; typically a one-time lump sum disbursement | Varies depending on the project; typically a one-time lump sum disbursement | Borrow as needed up to a set amount |
Down payment | Varies based on use of funds | Generally 10%, can be up to 20% | Varies based on use of funds |
Collateral | Can be secured or unsecured, depending on use of funds | Secured by property or equipment | Can be secured or unsecured, depending on use of funds |
Connect with Us
Our knowledgeable and experienced bankers are ready to help.
Scale Your Success
Expand your financial capacity with our integrated business banking solutions, designed to scale with your goals.
CREDIT CARDS
Flexibility designed for your success
- Designed for business owners
- Flexible and convenient
- Manage expenses and authorized user spend with ease
- Cashback rewards
CASH MANAGEMENT
Gain more and seize growth opportunities to scale up
- See all bank and credit card activity in one place
- Track profitability in real time
- Visualize business cash flow with projections to plan for seasonality
ADDITIONAL OPTIONS
More ways to upgrade your account
- Treasury Prime for ultimate control over business accounts
- Sweep Accounts
- Zero Balance Accounts
- eWires: send domestic and International wires quickly
Expert Insights
Navigate your business confidently with expert knowledge and guidance.
Trusted Partners
Testimonials from our business clients.
RETAIL
Definitely have a bank partner in our corner, 100%.”
Daniel Goodwin
NON-PROFIT
It has just been a really wonderful experience. So much so that we are actually in the process of transitioning almost all of our banking as a non-profit agency to WaFd Bank.”
Crystal Hovath
RETAIL
It's an incredible relationship! I've never seen it in banking, and that's why we stick with WaFd Bank!”
Jackie Sorkin
Frequently Asked Questions
*Loans subject to approval.