How Long Does It Take an SBA 504 Loan to Get Approved?

504 Loan Approval Times: What You Need to Know

The length of time required for an SBA 504 loan to be approved can vary drastically, but averages between 60 and 90 days. With that being said, it may take up to six months in some situations. There is no hard and fast rule here, and each situation will be unique. Factors that go into determining the length of time to loan approval include:

  • Your ability to gather all required information

  • Your ability to satisfy all lender requirements for information and proof of income

  • SBA approval (up to 7 days)

  • Due diligence (2 to 3 weeks)

  • Closing (up to 14 days)


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