It’s not as quick as a small loan. Generally, you should allow 60 to 90 days from start to finish for an SBA or bank loan for an acquisition or opening a new unit. The steps include application, providing lots of documentation (financial statements, tax returns, business plans, etc.), lender review, SBA approval if applicable, and then closing the loan (which might sync with closing the purchase of the business or signing of a lease). Sometimes it can be faster – if you have a strong banking relationship or all paperwork ready, you might close in under 45 days. Conversely, unexpected delays (appraisal issues, negotiations with the seller, etc.) can extend the timeline. It helps to start the financing process as early as possible once you’re serious about expansion, and to respond quickly to lender requests. Liberty Franchise Lending often coordinates closely among all parties to keep the process moving and cut down on wait times.