Working with the small business and a private-sector lender (a bank or credit union chosen by the small business borrower), Utah CDC prepares the application package for the Small Business Administration (SBA). We use the information you provide, along with our knowledge of SBA’s regulations and processes, to prepare the application package for the SBA. The more information we have up front, the easier it is to process your package quickly. Our goal is to handle the red tape…and let you handle your business!
How long will this take? Once the required information is provided to the CDC, the loan application packaging process takes only 3-5 days. After your package has been reviewed by our loan officer and processor, it is presented to our internal loan committee for review. If the package is approved by our loan committee, it’s ready to go to SBA for final approval!
If you are interested in this item and have some questions, feel free send an inquiry.
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