Thinking about SBA 7a for your business acquisition?

Here’s what you need to know about the timeline and process:

Typically, transactions take around###-###-#### days from start to finish. However, this timeframe can be shorter or longer depending on various factors. It’s important for you to understand that multiple stakeholders are involved, including:

• Insurance agents • Attorneys (for the buyer and seller) • Landlords • Sellers • Buyers • CPAs • Business brokers • Appraisers • Title Companies • And more…

The key to a smooth and timely closing is assembling a dedicated team where everyone pulls the sled in the same direction. Delays often occur due to coordination among these parties, not the lender themselves. As a lender, we want nothing more than for your deal to close in a timely manner.

With a proactive approach and a well-coordinated team, you can navigate the process efficiently and close your deal within the expected timeframe.

If you need any guidance on the financing process or are looking to get educated on the SBA 7(a) Program—please reach out!