You’ve decided that an SBA loan isn’t right for your business. Here’s how to cancel your application. Checkout this video: Cancelling Your Loan Application You may decide that you no longer want or need the loan for which you applied. You can cancel your loan application at any time prior to loan approval. To do…

Loan disbursement is the process of sending money from the lender to the borrower. The borrower will usually receive the money in one lump sum, or in a series of payments. Checkout this video: What is loan disbursement? Loan disbursement is the release of funds from a lender to a borrower. The funds can be…

How long does it take for a loan to be processed? The answer may depend on the type of loan you’re applying for. Loan To Be Processed?’ style=”display:none”>Checkout this video: Introduction The average time it takes to process a loan is 45 days, but this can vary depending on the type of loan, the lender,…

The SBA loan process can seem like a daunting task, but it doesn’t have to be. Here’s a breakdown of what you can expect and how long each step will take. Checkout this video: SBA Loan Process Overview The Small Business Administration (SBA) loan process can take anywhere from a few days to a few…

If you’re taking out a loan, it’s important to understand the maturity date. This is the date when the loan must be paid back in full. Read on to learn more about maturity dates and how they work. Checkout this video: The Maturity Date The maturity date is the date on which the final payment…

If you’re wondering why your PPP loan is still processing, you’re not alone. Here’s what you need to know about the PPP loan process and how long it might take. Checkout this video: PPP Loan Basics The Paycheck Protection Program (PPP) loan is a loan designed to provide a direct incentive for small businesses to…

You may have heard the term “jumbo loan” before, but you may not know exactly what it is. A jumbo loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency. Checkout this video: What is a Jumbo Loan? A jumbo loan, also known as a non-conforming…

How to Get a Loan for Land Purchase If you’re looking to buy land, you may need to take out a loan to finance your purchase. Here’s a guide on how to get a loan for land purchase. Checkout this video: Introduction If you’re looking to purchase land, you may be wondering how to get…

How much of a down payment do you need to buy a home? It’s a common question among home buyers – especially first-time home buyers. Conventional wisdom says you should aim for a 20% down payment. Checkout this video: How Much Down Payment is Needed for a Conventional Loan? A conventional loan is a mortgage…

If you’re considering taking out a car loan, it’s important to understand how charge offs work. A charge off is when a lender decides that a debt is unlikely to be repaid and writes it off as a loss. This can have a major impact on your credit score and your ability to get future…