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Frequently Asked Questions

How long does it take to get a SBA loan approved?

Beyond that, the amount of time it takes to finalize an SBA loan largely depends on the lender's timeline. Expect the process to take a minimum of 60 to 90 days. Applications for larger amounts may take longer for the lender to evaluate.

Can SBA loans be forgiven?

SBA loan forgiveness is a process by which individuals or businesses that have Small Business Administration (SBA)-guaranteed loans can be relieved of the need to repay some of their loan amount, as described by Loan.com.

Is a SBA loan right for You?

The SBA loan actually comes from a bank, but the SBA guarantees a percentage of the loan, which reduces the risk to its lending partners and makes it easier for business owners to get the financing they need. The SBA loan might be right for you if your business meets certain criteria: It must be a small business as defined by the SBA.


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