SBA SERVICES FOR SMALL BUSINESSES
The highly experienced SBA consultants on our team give us the opportunity to provide an array of review and lending services to our small business clients. The Firm has been retained by national financial institutions to assist with their SBA and non-SBA portfolios.
The SBA advisors at Kresser, Corona & Associates can provide specific services that are tailored to your lending institution’s specific needs and concerns. Our SBA loan specialists are uniquely designed to accommodate large or small-volume lenders nationwide. The expertise in SBA business plans and franchising loan solutions we offer is second-to-none.
CLICK ON THE SBA LOAN SERVICES BELOW TO LEARN MORE
21. Boarding Reviews
22. Forensic Reports
23. Internal Audits
OUR SERVICES ARE AVAILABLE IN COMPREHENSIVE BUNDLES OR INDIVIDUALLY BASED ON YOUR NEEDS.
Small Business Administration Loans FAQ
Is it hard to apply for a SBA loan?Although applying for SBA loans is relatively easy, getting approved is where many businesses run into problems. Without a carefully prepared application, you can get rejected and lose out on low-cost, government-backed financing. Businesses that use a SBA loan application consulting service have the highest chances of being approved.
How long does it take to get approval on an SBA loan?The SBA loan approval process can take between 30-90 days, depending on the type of loan. Microloans of $50,000 or less can be acquired more quickly, but may have more complicated requirements. A SBA consultant will be able to give you estimated timelines for approval and funding based on the loan you are applying for.
Are SBA loans forgivable?Some SBA loans can be forgiven, but not all. For example, the Payroll Protection Program (PPP) offered as part of the COVID-19 pandemic relief funding is forgivable, meaning it does not need to be repaid as long as you comply with the terms for forgiveness, such as maintaining employee pay levels and funds being used for payroll. On the other hand, the SBA Economic Injury Disaster Loan (EIDL) is not forgivable, except in special circumstances like your business shutting down and dissolving. The terms of each SBA loan program will determine if and when it can be forgiven.