So I applied on the 13th of July and they ran my credit on the 18th. Ive been told its being reviewed by the loan officer right now. Does anyone know how long it takes to get a response?

Where am I?

In Multifunding SBA CoronaVirus Support you can ask and answer questions and share your experience with others!

I assume you're asking about the MSLP since they pulled credit. Timing will depend on the number of loans ahead of you and the lenders capacity. The lender treats those loans like their other loans so the next interaction will probably be them asking for more information. These loans won't move quickly.

I would just check in with the bank and they'll probably provide the closest guess on timing. Good luck!

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Answered 6 months ago

For me, it was a few days after they ran my credit. But I don't know any of the statistics around averages.

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The SBA guidelines issued 4/2 clearly state (page 10, item g) that the below must be subtracted from Payroll Cost. This ... Response Act (Public Law 116–127).

So I applied on the 13th of July and they ran my credit on the 18th. Ive been told its being reviewed by the loan officer right now. Does anyone know how long it takes to get a response?

Where am I?

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