Find the most frequently asked questions for the Small Business Administration (SBA) Express Bridge loan below. If you can’t find an answer to your question, please notify us through the form on this page.
The Express Bridge Loan is an arm of the SBA Emergency Impact Disaster Loan (EIDL) and businesses can apply for both programs under COVID-19 as long as they are used for different purposes. The Paycheck Protection Program (PPP) loan is to be used for Payroll, Utilities, Interest on Mortgages, Rent, & Group Health Insurance. The Express Bridge Loan can be used for other working capital and is normally applied for with the EIDL. Another option relating to this is the Express Bridge and the EIDL loans can be refinanced into the PPP if needed.