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How long is the approval process?

April 26, 2017Approval process

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How long is the approval process?

2 Answers

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Pre-approval is usually obtained within 24 hours. Funding usually takes 1-3 weeks depending on the amount of the transaction and the time it takes to get the necessary documents required to fund.

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Once your completed application and attachments have been received, it will take about one week for our staff to put the application package together and finish the loan committee review. Then your application is forwarded to the SBA; the agency’s response time is usually between 3 and 5 days.