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How Long Does it Take to Get an SBA Loan?

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Today we’ll be answering the frequently asked question: “How long does it take to get an SBA loan?” And we’ll also provide a few hints on how to expedite the process while we’re at it.

How Long Does It Take to Get an SBA Loan?

How Long Does it Take to Get an SBA Loan?

The short answer is that it typically takes an average of 6 months or more through banks and other lenders. However, if you can’t wait that long to get funded, National created an expedited process that can close SBA deals in as little as 45 days. 
Here’s how we do it:
Hybridge SBA Loan Timeline

Why is the SBA Process Usually So Long?

Part of the reason for why an SBA loan might take months to acquire through banks is that sometimes businesses don’t apply correctly, or rather, they present an incomplete financial picture.
To fix that, National has an in-house industry-leading SBA preparation team that prepare all necessary paperwork for our clients, which saves them time and cuts the SBA process down to days instead of months. So if you’re considering applying for an SBA loan, and don’t have the time to get your books in order, the Business Financing Advisors at National can do it all for you, quick and easy.

Avoid Incompetent SBA Lenders

The bigger, more prevalent reason is that there are a lot of incompetent lenders out there. Lenders that don’t know how to process SBA paperwork properly, and take their time learning as they go.
Choose someone like National with years of experience with funding thousands of small businesses nationwide with SBA loans, and who has connections to the most competent and knowledgeable SBA lenders in the world. They know what it takes to get the job done right, and how to get it done as quickly and efficiently as possible. That’s how we get it done in 45 days, instead of 6+ months.

How To Get the Fastest SBA Funding On the Market

If you apply for a Hybridge SBA loan with National Business Capital we can help you close on a deal in as little as 45 days– all with:

  • A higher chance of approval
  • Reduced paperwork
  • And the ability lower your cost of capital long-term.

Don’t Wait on Approval. You Don’t Have To!

Banks and other lenders also require a grace period of anywhere from weeks to months before applicants even know if they got approved or not! National has a fix for that too. When you apply for National’s expedited Hybridge SBA Loan, you’ll get notified within 48 hours as to whether you not you got approved.
And with our lowered qualifications, and leniency with bad credit business owners and those who have tax liens, chances are you’ll get approved easily. Through our Hybridge SBA Loan program, clients also have the choice of receiving immediate funding in as little as 24 hours to tie them over until receiving their SBA funds.

Apply Today, Get Funded Tomorrow

To get started, call us at (877) 482-3008 to speak with a Business Financing Advisor, or fill out this 1-minute online form to get things moving right away!

Last Updated on June 25, 2018

National Business Capital is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!

About the Author, Joe Camberato

Joseph Camberato, CEO at National Business Capital & Services, developed a passion for business at a young age. Joseph has a true respect for anyone who owns a business and enjoys engaging them in discussions of how they “made it happen.”

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.