How Long Does It Take To Get A Sba Loan Secured Through The Veterans Association?
Posted by admin on November 24th, 2009 at 06:44am
my husband and I applied for a secured sba loan and the VA offers to vets a secured loan called the patriot act loan.
we applied at the liberty mo branch commerce bank with the loan manager. it has been over 9 weeks and the banker states he’ll get with us when he hears back. rarely does he return my calls about inqury.
Tags: Association, Loan, Long, Secured, Take, Through, Veterans
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1 Comment for How Long Does It Take To Get A Sba Loan Secured Through The Veterans Association?
1. k81953 | November 24th, 2009 at 6:59 am
The VA loans take considerably longer than a conventional loan or even an FHA loan.
Don’t ever play “nice” with bankers who give you the brush off. 9 weeks is too long to wait to just “hear back”. Generally, three weeks is the maximum to find out whether you’re approved and for what amount.
Try contacting the VA loan administration directly. They’re usually a little more helpful.
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