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