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Does it cost anything to talk through SBA loan options with a MutualBank commercial lender?
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Does it cost anything to talk through SBA loan options with a MutualBank commercial lender?

Just like any other business loan we offer, there is no cost to anyone to talk to a MutualBank employee about SBA loan options.

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Are there fees or other costs with a SBA loan after it has been approved aside from monthly payments?
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Are there fees or other costs with a SBA loan after it has been approved aside from monthly payments?

Yes, depending on the type of SBA loan, there may be additional upfront costs.

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Are there fees to submit a SBA loan application for review?
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Are there fees to submit a SBA loan application for review?

No. Just like any other MutualBank Commercial/Business loan, there is no cost to submit a loan for pre-approval.

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After I submit my SBA loan application, how quickly can I expect to hear back regarding its approval or denial?
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After I submit my SBA loan application, how quickly can I expect to hear back regarding its approval or denial?

SBA loans typically take an additional one to two weeks of time depending on the type of loan to hear about approval or denial but in many cases can be done faster than that.

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If my SBA loan application is approved, how quickly can I expect to receive my funds?
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If my SBA loan application is approved, how quickly can I expect to receive my funds?

Depending on the type of SBA loan, in some cases you can receive your funds just as quickly as if it was a conventional loan - which is detailed here.

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These questions and answers are provided for general information only and may not be completely accurate in every situation. The information provided is not legally binding on MutualBank or any of its affiliates or subsidiaries. For assistance with specific questions regarding your account(s), please contact us.

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