Lifecycle of an SBA Loan [Infographic]
The scariest part about any new venture is the unknown. What if...? What could happen? What does that look like?
We can’t take away all the anxiety of buying or growing a small business, but we can help with a major pain point — how to get an SBA loan. Loans backed by the Small Business Administration typically offer lower down payments, longer terms and greater flexibility than other loan programs, making them an attractive financing option.
And the process of applying for one needn’t be so scary. This infographic explains the lifecycle of an SBA loan, including such key points as:
- Why using an SBA Preferred Lender is so important
- The paperwork you’ll need to gather
- How long the loan decision and underwriting processes take
- The benefits of an SBA loan
Check out our infographic below to learn more about the lifecycle of an SBA loan. When you’re ready to talk with one of our SBA loan experts, get in touch with us. Our dedicated team of SBA loan experts will walk you through every step of the process. Cadence Bank is an SBA Preferred Lender, and we are committed to the success of your small business.