SBA Loan timeline

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by a searcher from Webster University
in Fort Lauderdale, FL, USA

4yrs ago

SBA Loan timeline

What has been your recent experience of how long it took from application to funding for an SBA loan in the last year?

I am looking for what people have actually experienced versus rumors please.

Thank you for your response.

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reply by an intermediary 4yrs ago
in Port St. Lucie, FL, USA

I work for Pharus Funding Partners and we are commercial loan brokers that deal with SBA Lenders on a regular basis. SBA timeline is really contingent on several factors: the Lender you choose (are they a SBA preferred lender or not), whether its an SBA loan for working capital, a startup or existing business, is there real estate involved, 7(a) or 504, even the speed at which the borrower provides documentation can cause huge delays. It can be as fast as 60 days and as long as 180 days. Each loan scenario is different.

reply by a searcher 4yrs ago
from Webster University in Fort Lauderdale, FL, USA

Thank you David. I appreciate the response.