Get ready for a ton of paperwork and more. Also you better have a very solid Business Plan. And don't plan on swaying one bit from your plan. Any deviation will hold up funds. Also, be sure to have if I remember right at least 30% (it might be more) of the amount of the loan in cash. That money is returned once the loan is approved. I was going to go that way cause I have an insider that was going to walk it through the whole process but even with her help it was just too much. My financial advisor who is a god in the industry said it was just too much and it was easier for us to get our financing through private investors with less paperwork. And I had to give up more ownership than with the SBA (which is none) but the simplicity was worth it.