How long is the CTCIC 504 Loan process?
A lot depends on the borrower. With complete information and documents, we can pull together the loan package quickly. The timing often depends on obtaining the appraisal and environmental reports as early as possible. All things being equal, CTCIC routinely meets the demands of a 45-day escrow. It is always good advice to bring us into the process early in order to discuss the project timing. In any event, SBA 504 Loans do not take longer to approve than conventional loans.
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