Loan Process

Small Business Loan Process

For more than 39 years, HBDI has helped small businesses access the capital they need to grow. We know time is money, so our loan process is designed to be fast, flexible, and supported by a team that’s with you every step of the way.

Loan Process Timeline

4 Steps to Your Loan

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Step 1 – Apply & Upload Documents

Submit our online form (we’ll call you within 24 hrs) or start immediately via our online portal. Upload your documents (i.e., financial statements, tax returns, etc.).

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Step 2 – Underwriting

Our underwriters review your business and typically deliver a decision within 72 hours.

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Step 3 – Approval & Commitment

Receive a commitment letter with loan terms. Review and sign with your loan officer’s support.

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Step 4 – Closing & Funding

Most loans close in 7–21 days. Once signed, funds are disbursed promptly for your business needs.

Start Your Application

01 Apply

Submit our quick online form, and an HBDI representative will contact you within 24 hours. Together, we’ll review your financing needs and match you with the right loan program. Alternatively, you may begin immediately by submitting your application and supporting documents directly through our secure online application portal. Simply register with a user ID and password to get started right away.

02 Provide Documents

If your business is a good fit, we’ll request standard financial documents (such as recent financial statements, tax returns, or a business plan for startups). Our team will guide you through exactly what’s needed and keep it simple.

03 Underwriting

Once your application is complete, our underwriters move quickly to review your request. With your timely responses, you’ll typically receive a preliminary decision within 72 hours.

04 Approval and Commitment

If approved, you’ll receive a commitment letter outlining the loan amount, rate, terms, and next steps. Your loan officer will walk you through the details so you’re clear and confident before moving forward.

05 Closing & Funding

After you sign the commitment letter, our team will work with you to complete closing requirements. Most loans close within 7–21 days, with funds disbursed promptly for your business needs.