how long is the sba loan process

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.

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