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which bank do SBA loan? How much their fee?How long it takes to approve and settle?

I'm looking SBA loan directly to Well known Bank such as Bank of America,Wachovia, TD Bank, Citizens Bank...etc. Do you think how much their fee? What is the requirements? How long it takes to approve and could delivere the funding to the table? If deal falls apart are there any fee I have to pay? what is the options ...any better idea...cheaper and faster with low down for buying business finance.

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Answers (1)
Michelle Orr
Wells Fargo SBA Lending
Business Development Officer
Fairfield County, CT

All of the banks you mentioned are SBA lenders, however not all SBA lenders have the same lending criteria, so it will depend on your specific loan request as to what bank(s) will be willing to make a loan to you. I am a commercial loan consultant and former SBA lender with over 10 years of lending experience. If you would like to discuss your request in detail please call me at 203-345-6118. You can also send an email with details and your contact info to morr@orrcommercialcapital.com, and I will contact you.

Best regards,
Michelle Orr

Jun 4, 2009

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