Quick Answer: SBA FastTrack® by LoanBud is an expedited SBA working capital loan of up to $150,000 that can close in as little as 14 days. The loan amount is based on roughly 33% of your gross revenue from your most recent tax filing. It carries a rate of Prime + 3%, a 10-year repayment term with no balloon payment, and is used for working capital such as payroll, marketing, and operating expenses. To qualify, a business generally needs a 660 FICO and two years of operating history. FastTrack® is a LoanBud program name; the underlying loan is a standard SBA loan, and approval is subject to lender review.
The most common complaint about SBA loans is not the rate or the terms — it is the wait. For a business that needs working capital now, a one-to-three-month SBA timeline is not much better than no loan at all. That gap is why many owners end up in a merchant cash advance or a high-cost short-term loan.
SBA FastTrack® by LoanBud is built to close that gap. This article explains what it is, how the loan is sized and priced, how the process works, and who it is designed for.
What Is SBA FastTrack®?
SBA FastTrack® is LoanBud’s expedited SBA working capital loan. It delivers SBA loan pricing and terms on a much shorter timeline than a traditional SBA loan, with a simplified application built around a single, predictable loan-sizing formula.
A few things to be clear about:
- The SBA does not offer a program literally named “FastTrack.” FastTrack® is a trademarked LoanBud program name for how this SBA loan is packaged and delivered.
- The loan itself is a standard SBA loan — the rate cap, the government guaranty, and the eligibility rules all still apply.
- It is a working capital product, not acquisition or real estate financing. The maximum loan amount is $150,000.
SBA FastTrack® at a Glance
| Feature | Detail |
|---|---|
| Maximum loan amount | $150,000 |
| How the amount is set | About 33% of gross revenue from your most recent tax filing |
| Interest rate | Prime + 3% |
| Repayment term | 10 years, fully amortizing, no balloon payment |
| Time to close | As little as 14 days |
| Use of funds | Working capital: payroll, marketing, operating expenses |
| Minimum credit score | 660 FICO |
| Time in business | 2 years |
| Prequalification | Available with no impact to your credit score |
How the Loan Amount Is Calculated
Instead of a lengthy cash-flow analysis, FastTrack® sizes the loan against your reported gross revenue:
Approximate loan amount = Gross revenue on your most recent tax filing × 33%, up to the $150,000 maximum.
| Most recent gross revenue | Approx. FastTrack® amount |
|---|---|
| $200,000 | ~$66,000 |
| $350,000 | ~$115,000 |
| $450,000 or more | $150,000 (capped) |
Because the formula is simple and tied to a document you already have, there is far less back-and-forth than a traditional SBA loan requires.
How the SBA FastTrack® Process Works
- Prequalify. Check your eligibility and estimated amount with no impact to your credit score.
- Submit a short application. Provide your most recent business tax filing and a few supporting documents.
- Underwriting. LoanBud’s SBA team reviews the file, confirms eligibility, and finalizes the loan amount.
- Approval and closing. Sign your closing documents once conditions are cleared.
- Funding. Proceeds are disbursed — in as little as 14 days from start to funding.
What Makes SBA FastTrack® Faster?
- A fixed sizing formula. Basing the amount on gross revenue removes a major source of underwriting delay.
- A short document list. The application is built around records you already keep.
- Experienced SBA underwriting. LoanBud was founded by former bankers with more than 100 years of combined SBA lending experience, so files are packaged correctly the first time.
- A single point of contact. One team carries the file from prequalification to funding.
SBA FastTrack® vs. Other Fast Funding
| SBA FastTrack® | Merchant cash advance | Traditional SBA loan | |
|---|---|---|---|
| Typical cost | Prime + 3% | Very high effective rate | SBA-regulated, low |
| Term | 10 years | Months | Up to 10 years (working capital) |
| Payment | Fixed monthly, no balloon | Daily or weekly draws on revenue | Fixed monthly |
| Time to fund | As little as 14 days | Days | 30 to 90 days |
| Max amount | $150,000 | Varies | Up to $5,000,000 |
FastTrack® is positioned to give owners who would otherwise take a merchant cash advance a lower-cost, longer-term alternative that funds quickly. For a fuller comparison with standard SBA financing, see Comparing SBA FastTrack® With Traditional SBA Loans.
Who Is SBA FastTrack® For?
- Established businesses (2+ years) that need working capital in weeks, not months
- Owners weighing a merchant cash advance who want a lower-cost, fixed-payment option
- Businesses that need up to $150,000 for payroll, marketing, or operating expenses
- Borrowers who want SBA pricing without a full SBA timeline
If you need more than $150,000, or funding for a purchase or real estate, a standard SBA loan or LoanBud Bridge™ may be a better fit. See also 5 Key Benefits of SBA FastTrack® Loans for Small Businesses.
What FastTrack® Does Not Change
A faster process does not mean a lighter one. FastTrack® keeps SBA requirements in place:
- SBA eligibility rules for the business, the owners, and the use of funds
- Creditworthiness, with a 660 minimum FICO
- Two years of operating history
- A personal guaranty from the owners
- Verification of the tax filing used to size the loan
Frequently Asked Questions
Is SBA FastTrack® a government program?
No. FastTrack® is a trademarked LoanBud program name. The underlying loan is a standard SBA loan, and the SBA does not offer a program called FastTrack. LoanBud is not affiliated with the SBA.
How much can I borrow with SBA FastTrack®?
Up to $150,000. The amount is based on roughly 33% of your gross revenue from your most recent tax filing, capped at $150,000.
What is the interest rate and term?
The rate is Prime + 3%, and the term is 10 years, fully amortizing with no balloon payment. That keeps the monthly payment lower than most short-term financing.
How fast can it close?
In as little as 14 days from application to funding, depending on how quickly you provide documentation and the results of lender review.
What can I use the money for?
Working capital — payroll, marketing, operational expenses, and similar business needs. It is not intended for buying a business or real estate.
What do I need to qualify?
Generally a 660 FICO, two years in business, and a recent business tax filing to size the loan. You can prequalify without affecting your credit score.
Need Working Capital on a Tight Timeline?
SBA FastTrack® gives established businesses SBA pricing and a 10-year term without the wait — funding in as little as 14 days.
Learn more about SBA FastTrack® by LoanBud, or prequalify now.
Check your eligibility without impacting your credit score.
Apply Now for an SBA FastTrack® Loan
Credit and collateral are subject to lender approval. Terms and conditions apply. This is not a commitment to lend. Rates and terms are current as of publication and subject to change. FastTrack® is a trademarked marketing program of LoanBud and is not affiliated with or endorsed by the U.S. Small Business Administration or any government agency.
