QA: SBA Debt Relief

Answers are interpretations of RDG + Partners CPAs and are not meant to be one-size fits all for every business. We recommend you consult with a member of the RDG team to apply guidance to your specific situation. We also expect further guidance to be issued by the SBA related to the questions below in the near future, especially as it relates to the forgiveness of the loans. The answers below are based on what guidance has been issued to date and are subject to change once further guidance is issued.

If you have additional questions that have not been addressed below reach out to RDG + Partners CPAs at (585) 673-2600 or at If you have a contact at the Firm, reach out to them directly.

What is an SBA Express Bridge Loan?

Businesses who currently have a relationship with an SBA Express Lender can access abridge loan of up to $25,000 quickly.

How do I know if my bank is an SBA express lender?

The easiest way would be to contact your bank and ask them.Some banks may be an SBA lender, but not an SBA express lender.

How fast will I get the SBA express bridge loan?

It is meant to be a quick turnaround for immediate cash and I would expect the loan to be funded within a few days.

What are the terms of the express bridge loans?

It will be at the discretion of your bank.   However, the maximum loan term is 7 years and the maximum interest rate is 6.5% over the prime rate.

Where can I go to receive more details on the SBA payment deferrals and express bridge loans?

You can find information on the SBA’s website at the two links below:

  1. SBA Express Bridge Loans
  2. SBA Debt Relief