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How long is the approval process at EDC Loan Corporation?

April 26, 2017Approval corporation EDC loan process

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How long is the approval process at EDC Loan Corporation?

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Full approval typically takes between two to three weeks from the day a complete application is received. After this timeframe, EDC Loan Corporation will be prepared to fund any time thereafter, once all bank and/or EDC LoanCorporation contingencies are met (appraisals, title search, UCC searches, etc.) As the SBA 504 process for funding includes a sale of a bond and requires legal review, upon project completion, the funding cycle generally can take 60-90 days.