SBA Loan Processing Delays? Share Your Experience in Our Survey
March 5, 2025
Bob Coleman
Founder & Publisher
SBA Loan Processing Delays? Share Your Experience in Our Survey
We get mail….
From the manager of a bank SBA loan department:
“I wanted to know if you have had conversations with or comments from other lenders regarding staffing at SBA. We are not yet a PLP lender, so I have to go to SBA for practically everything and have noticed some really slow service over the last three weeks or so. I sent a request for an increase to the servicing office on January 31st and today is February 28th and I’ve heard nothing.
“I reached out to our district office and was told that the increase has been approved but it’s sitting in legal and they have “fired” all of the legal staff so no one is working there. I’m sure this is an over exaggeration, but this is the second issue I’ve had that’s being blamed on staffing.
“Just curious if you’ve had feedback from SBA or other lenders. I feel bad for borrowers because they are the ones impacted and I really don’t know what to do or who to reach out to”.
All responses are open-ended and reported anonymously.
Since January 20th;
What is the average turnaround time you receive from SBA for GP loan approvals from Citrus Heights?
What is the average turnaround time you receive for servicing actions from Fresno or the Little Rock SBA Loan Servicing Center?
What is the average turnaround you receive from SBA’s National Guaranty Purchase Center at Herndon?