7 Myths About SBA 504 Loans

7 Myths About SBA 504 Loans

  by Evan Dickson, President, Nevada State Development Corporation The following seven myths and facts refer to the U.S. Small Business Administration (SBA) Commercial Loan Program. MYTH 1: It takes four to six months to get a loan approval. Fact: You can obtain an SBA 504 approval as quickly as ten business days. Tip: Provide your lender with…