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kramer29

Jun 24 2005, 10:06 AM

What is the time frame it takes for an SBA loan to go through?

Commercial LO

Jun 24 2005, 11:13 AM

It depends heavily on the program and what is being financed. A standard 7a with real estate can be done in 6 weeks with a preferred lender. The biggest wait is the appraisal.

A 504 loan can take a bit longer depending on who is underwriting the 504 portion.

Guest

Jun 24 2005, 05:09 PM

If there is no real estate involved, only equipment, fixtures, leasehold improvements, and operating capital am I looking at shorter than 6 weeks?

Thanks!

dynomax300

Jun 29 2005, 06:11 PM

Where are you posting from?

kramer29

Jul 1 2005, 07:32 AM

QUOTE(dynomax300 @ Jun 29 2005, 06:11 PM)

Where are you posting from?

I'm sorry, why do you ask?

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