SBA 7(a) Business Acquisition Loan Application From Start To Funding

My SBA Loan Pro Podcast

Jan 13 2021 • 5 mins

The most frequently asked question I receive by far is how long does the loan application process take to complete from start to finish.  The quick answer is 45 - 60 days. The honest answer is it takes as long as necessary to complete all steps in the process.


The next logical question is what are the steps.  Here is a list of each step in order with an explanation.


Before I begin, I want to emphasize the timeline starts from the day the lender receives the monetary Deposit, usually $2,500 or $5,000 and the signed Letter of Interest or Term Sheet.


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