Subscribe to Entrepreneur for $5

Fast Cash

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

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.

Continue reading this article - and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.

Get 3 months free with code zendesk

Presented by Zendesk

Champions of Customer Service zendesk

Entrepreneur Editors' Picks