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Fast CashCatch a major-league SBA loan in just hours with a "preferred" lender.
ByDoug Hood•
Opinions expressed by Entrepreneur contributors are their own.
Q:Iam seeking an SBA loan and have been told by business associates toapproach "preferred" SBA lenders only. I thought all SBAlenders were the same. What's the difference?
A:Thebiggest difference is speed. Preferred SBA lenders have garneredthis designation from the SBA by proving they can originate,underwrite, approve and close a consistent amount of quality SBAloans. Because of their excellent track record, they're givenfull authority by the SBA to approve loans, which allows them tomake decisions usually within a 24-hour period.
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