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Is it true an SBA 504 loan requires a lot of paperwork and that it takes a long time to get approval?

April 26, 2017Approval loan paperwork requires SBA takes time

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Is it true an SBA 504 loan requires a lot of paperwork and that it takes a long time to get approval?

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That is no longer the case. The SBA has streamlined the program and the SBA 504 application requirements closely resemble your bank’s application requirements.