Best answer
60 to 90 days
People also ask
How long does it take to get an SBA loan?
Step 1: You鈥檒l collect the appropriate documents and submit your SBA loan application. This part of the process can take anywhere from one to 30 days.
What happens after my SBA loan is approved?
If your loan is approved in the underwriting process (yay!), the next step is closing. Closing is a process all its own and adds another 90 days to the overall timeline, but is the final step in SBA funding. Here鈥檚 a checklist of common items that need to be provided to a lender during closing:
What is the SBA closing process for a loan?
Closing is a process all its own and adds another 90 days to the overall timeline, but is the final step in SBA funding. Here鈥檚 a checklist of common items that need to be provided to a lender during closing: Proof of down payment funds.
How can I reduce the time to get an SBA loan?
Gathering the needed documents into a complete application package is one way to save some time during the approval process. The SBA loan application process generally takes 45 days or more in some cases, of which a business owner will spend the majority of time gathering paperwork for the lender.