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Express Bridge Loan Pilot Program



Express Bridge Loan Coronavirus Expansions

Formed in 2017, the EBL program originally provided loans to small businesses in communities suffering from presidentially-declared disasters or SBA-declared disasters, according to the SBA. Under the program, SBA lenders could provide bridge loan financing for up to $25,000 for small businesses to be used for disaster-related purposes.


But as of March 25, 2020, SBA expanded its program eligibility to small businesses across the country that have sustained financial loss because of COVID-19. The expansion comes after President Trump’s COVID-19 emergency declaration. Normally, EBL loans can only be distributed for up to six months after the date of a Presidential Disaster Declaration. But the COVID-19 program expansions allow loans to be made through March 13, 2021. As for term lengths, the maximum loan term is seven years, but a lender may allow a longer term if the borrower doesn’t receive long-term disaster financing.


Express Bridge Loan Pilot Program: Who Qualifies?

The coronavirus expansions to the express bride loans apply to small businesses in any American state, territory and the District of Columbia that were affected by COVID-19. The SBA mandates that the business must have been operational when the virus was declared an emergency and must meet all other SBA 7(a) loan requirements. In addition, EBL loan lenders must document that EBL applicants had an operating business as of March 13, 2020 and that the applicant was adversely affected by COVID-19, according to SBA’s guidelines. SBA deems any small business eligible if it meets either of the following conditions:


  • For Presidential Disaster Declarations, small businesses that were located, as of the date of the applicable disaster, in Primary Counties that were declared disaster areas under the Presidential Disaster Declaration or in any Contiguous Counties; or

  • For the COVID-19 Emergency Declaration, small businesses located in any state, territory and the District of Columbia that have been adversely impacted by the COVID-19 emergency


You can apply for an express bridge loan by contacting your local SBA District Office. Read more about the SBA Express Bridge Loan Pilot Program here.

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