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Fast Cash

Catch a major-league SBA loan in just hours with a "preferred" lender.

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This story appears in the January 2001 issue of Entrepreneur. Subscribe »

Q: I am seeking an SBA loan and have been told by business associates to approach "preferred" SBA lenders only. I thought all SBA lenders were the same. What's the difference?

A: The biggest difference is speed. Preferred SBA lenders have garnered this designation from the SBA by proving they can originate, underwrite, approve and close a consistent amount of quality SBA loans. Because of their excellent track record, they're given full authority by the SBA to approve loans, which allows them to make decisions usually within a 24-hour period.

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