PHOENIX – SBA Express Loans are coming to Desert Schools Federal Credit Union. The $2 billion credit union recently earned the SBA's Express Lender status. The role means a wider range of financing options and faster approval times. The maximum amount for SBA Express loans are $350,000 with a 50% guaranty from the agency. Lenders may charge up to 6.5% over prime rate for loans of $50,000 or less and up to 4.5% over the prime rate for loans over $50,000. Loan turnaround time is 36 hours. "The ability to secure an SBA Express Loan guaranty opens doors for local small businesses, giving us the opportunity to provide value-based business financing under more reasonable terms and conditions than they might otherwise receive," said Tom Murray, senior director of business services Since the launch of its business service products in 2003, more than 4,000 new business members have joined Desert FCU, according to the credit union, which is Arizona's largest with more than 286,000 members.