Wondering what the turnaround time is for an SBA loan?
With typical loan providers, the entire process of getting an SBA loan uses up to 2-3 months. Some lenders will provide financing in less than 1 month, although these efficient loan providers are quite uncommon. The method requires persistence; prospective borrowers must proceed through numerous actions of documents and vetting. You need to prepare all documents that are necessary meet with a loan provider, finish more documents, wait on underwriting, and lastly watch for closing. Continue reading