How long does it take to obtain approval for a 504 loan?

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Each loan is unique, there is no set timeframe. With complete information and documents, we can pull together a loan package quickly and get an SBA approval.  The timing often depends on obtaining the appraisal and environmental reports as early as possible.

  • Applying for the loan: 2 – 3 weeks
  • Approval from SBA: 1 week
  • Closing: 1 – 2 weeks after the project is complete
  • Loan funding: 1 – 2 months