Post-Application in SBA Loans

You will have provided many documents, which would take time to go through a thorough review process. There are a few further processes you may face after you submit your application in this way. Below is a discussion of the post-application processes involved after the submission of the application for SBA loans.

Letter of Intent

After you have submitted your application, you can anticipate a response within a week or two on whether they have decided to move ahead with the application. If they are in favor of your application, they will send you a letter of intent telling you the amounts you have qualified for, and the likely terms and rates available to you. You return a signed copy of the same if you are in agreement with the conditions.


A few lenders need a refundable deposit in order to progress with loan underwriting. A formal underwriting of SBA takes between 2 and 4 weeks. During this process, the loan officer may contact you for clarification of data on submitted documents. Sometimes you may be asked to provide more documents to successfully complete the process.

See if you Qualify