SBA Lending
Loan Process
Our SBA team leverages experience and expertise to make the loan process as simple, easy to understand and seamless as possible in four easy steps.
We understand your top priority is operating your small business, not completing paperwork for loan applications.
Step One: Application & Initial Project Evaluation
An SBA loan specialist will discuss your loan request with you and ask the appropriate questions to determine if the proposed project qualifies for SBA financing. Once the determination is made, a checklist of required information needed will be discussed and sent to you. Upon receipt and evaluation of the financial information, we will issue a loan proposal if the information meets our underwriting guidelines. We perform this evaluation and loan proposal at no cost or obligation to you.
Step Two: Full Underwriting & Bank Approval
If the terms and conditions of the loan proposal are acceptable, we will complete underwriting the loan request for Bank approval.
Step Three: Commitment Letter & SBA Application
Once Midtown Bank has approved your loan request, we will present a commitment letter outlining the terms and conditions of the approval. Upon acceptance of the commitment letter, we will work to complete the SBA application on your behalf.
Step Four: Loan Closing
Upon receipt of SBA approval, we will coordinate loan closing with our closing attorney. During the closing process, we will order any necessary “third-party” reports (appraisals, environmental investigations, title searches) and keep you fully aware of all costs associated with these reports. We’ll work with you through the closing process to eliminate the chances of any surprises and close the loan as soon as possible.
Quick Links