How long does it take to get an SBA loan?

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The approval process for an SBA loan depends on the type of loan you are applying for and the type of lender you are using. For an SBA 7(a) loan, the turnaround time can be as little as 30 – 45 days if you use an experienced lender. However, the process can take much longer if you work with a lender that doesn’t have a good support staff that understands the SBA process.  MCDC helps support lenders to ensure everyone is well informed of the process and what is needed for a quick approval.