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I️ want to take a business loan for 50 k. How long it takes…

I️ want to take a...
I️ want to take a business loan for 50 k. How long it takes in general for approval process
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Customer reply replied 7 months ago
I️ have most documents ready
Answered in 18 minutes by:
11/23/2017
bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 6,403
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

If all of your documents are in order, it usually takes 5-7 business days.

If the lender needs additional information or documentation, of course, it will take longer.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

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bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 6,403
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.
Verified
bkb1956 and 87 other Finance Specialists are ready to help you
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Customer reply replied 7 months ago
Thank you

My pleasure.

Thank YOU for the positive rating of my answer. It is very much appreciated.

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Customer reply replied 7 months ago
Another question that popped to my head. My project, I️t cost till now around 450 K, I️ got a loan with a promissory note (to pay him after 3 years) from my brother for 230 k and I️ want now to apply for a loan for 250 K. Will the bank ask for documentation on the promissory note more than the document itself?

No. The promissory note is evidence that you owe the money to your brother.

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Customer reply replied 7 months ago
Great. Thank you

You're welcome.

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Category: Finance
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Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.

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