«
»

Q&A: How long does it take to get a sba loan secured through the veterans association?

Question by k81953: How long does it take to get a sba loan secured through the veterans association?
my husband and I applied for a secured sba loan and the VA offers to vets a secured loan called the patriot act loan.
we applied at the liberty mo branch commerce bank with the loan manager. it has been over 9 weeks and the banker states he’ll get with us when he hears back. rarely does he return my calls about inqury.

Best answer:

Know better? Leave your own answer in the comments!

This entry was posted on Sunday, February 19th, 2012 at 10:55 am and is filed under loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

BRAND NEW VIDEO COACHING SITE!
Hundreds of step-by-step video training on every aspect required to build a successful online business, in one place! Enable you to get your website online, getting traffic, and generating income quickly...


One Response to “Q&A: How long does it take to get a sba loan secured through the veterans association?”

  1. The VA loans take considerably longer than a conventional loan or even an FHA loan.

    Don’t ever play “nice” with bankers who give you the brush off. 9 weeks is too long to wait to just “hear back”. Generally, three weeks is the maximum to find out whether you’re approved and for what amount.

    Try contacting the VA loan administration directly. They’re usually a little more helpful.

Leave a Reply