Your small business loan has been approved, how long does it take to get the money?
The amount of the small business loan loan funded and the time to funding has a direct correlation. In other words, you are likely to get more money the longer you can wait to get the funding. The additional time will give you a chance to put together more details to make your application even stronger.
The SBA loans are the financial options that are harder to get, but they are more desirable because they take more time compared to a small business short-term loan which could be in your hands in only a few days. Short-term loans are usually funded on average in 10 days or less, but SBA loans can take as much as 6 weeks to get approved.
Marcadis Singer PA are debt collection attorneys, our practice is focused exclusively on all matters concerning the collection of money that is owed to individuals and businesses. An often forgotten source of financing, is the rapid collection of receivables. If your small business is in need of collection services to help grow your business, don’t hesitate to call.