SBA7a Lending

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December 04, 2021

by a searcher in Moreno Valley, CA, USA

Hey guys, when it comes to doing an SBA7a loan through FirstBank of the Lake and/or live oak, how long does it take to get the loan through? I was wondering if through the 2 lending companies above, that perhaps they would speed up the process since SBA can be slow (compared to other financing means).

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Reply by a searcher
from La Sierra University in Destin, FL 32541, USA
For context- my experience was around 3 months although this was during the height of PPP processing so it may have been part of the issue. I was originally told 45 to 60 days. (This was not through either of the above banks.)
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Reply by a searcher
in Moreno Valley, CA, USA
Gotcha, my main concern with SBA loans is the processing time.
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