One thought on “Do SBA loans take longer to process than conventional financing?

  1. Arti says:

    Also, while the SBA Guaranty helps overcome a few financing challenges, the SBA still requires the business to show good cash flow and the individuals to have a good credit history. Approximately 80% of businesses in the United States can be considered “small” under the SBA’s standards. Borrowers can take advantage of an SBA loan to launch a start-up, expand a business, purchase owner-occupied real estate, acquire a business, refinance debt and more. The goal of the SBA is to provide assistance when a borrower’s collateral may not meet conventional lending standards. 5% of the guaranteed portion of the loan depending on the loan amount. The U. While these fees seem to be higher than typical fees on conventional financing, the benefits of using an SBA program usually outweigh the cost. While these fees seem to be higher than typical fees on conventional financing, the benefits of using an SBA program usually outwe

Leave a Reply

Your email address will not be published.