SBA 504 Loan Step-by-Step Process.

1. Call Mountain West Small Business Finance
Let us help in your business expansion planning. We have helped over 3000 small businesses build their dreams and we can do the same for you. As experts in the SBA 504 Loan Program, we have the knowledge and the experience to guide you through the loan process. Give us a call and we will help you evaluate your options to find solutions to meet your needs.

2. Documentation
After helping you determine you best course of action, Mountain West Small Business Finance will work with you and your private-sector lender to collect and analyze the required documentation.

3. Loan Package
Once the necessary documentation is in place, MWSBF completes the loan package and reviews it with the business. If everything is in order, business signs loan package and MWSBF submits it to the SBA.

4. Bank Financing
Mountain West Small Business Finance works closely with your first mortgage lender, broker and/or CPA to reduce redundancy and streamline the process.

5. Financing Completed
Typical time frame from completion and submission of loan application to SBA approval is 5 to 10 working days. Upon approval your lender will provide interim or construction financing to complete your project.

6. 504 Financing Completed
A Mountain West Small Business Finance attorney works with the business to prepare closing documents for a permanent SBA loan. Once complete, the attorney submits the final closing package to SBA, which typically funds within 60 days of project completion, replacing your interim/construction financing with long-term financing.