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

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Manage episode 282248142 series 2518941
Content provided by Ryan Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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.

If you liked this content, let's connect on social media: Instagram: ⁠⁠https://instagram.com/mysbapro ⁠⁠ Twitter: ⁠⁠https://twitter.com/mysbapro⁠⁠ LinkedIn: ⁠⁠https://linkedin.com/in/ryanpatryck⁠⁠

More ThinkSBA Resources

⁠⁠⁠https://calendly.com/thinksba⁠⁠ - Schedule Call ⁠⁠https://g.page/thinksba⁠⁠ - Google Business Page & Reviews ⁠⁠https://thinksba.com/faq⁠⁠ - Frequently Asked Questions ⁠⁠https://mysbaloanpro.com⁠⁠⁠ - My SBA Loan Pro Podcast ⁠⁠https://youtube.com/@thinksba⁠⁠ - YouTube Channel

  continue reading

67 episodes

Artwork
iconShare
 
Manage episode 282248142 series 2518941
Content provided by Ryan Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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.

If you liked this content, let's connect on social media: Instagram: ⁠⁠https://instagram.com/mysbapro ⁠⁠ Twitter: ⁠⁠https://twitter.com/mysbapro⁠⁠ LinkedIn: ⁠⁠https://linkedin.com/in/ryanpatryck⁠⁠

More ThinkSBA Resources

⁠⁠⁠https://calendly.com/thinksba⁠⁠ - Schedule Call ⁠⁠https://g.page/thinksba⁠⁠ - Google Business Page & Reviews ⁠⁠https://thinksba.com/faq⁠⁠ - Frequently Asked Questions ⁠⁠https://mysbaloanpro.com⁠⁠⁠ - My SBA Loan Pro Podcast ⁠⁠https://youtube.com/@thinksba⁠⁠ - YouTube Channel

  continue reading

67 episodes

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