LACC is an Approved SBA Intermediary, authorized to submit applications to the SBA to obtain loan guarantees for clients interested in participating in the SBA Pre-Qualification Loan Guarantee Program. Under the terms of the agreement, the SBA is to render a loan guarantee decision within 3 days after the LACC submits the loan package. LACC also submits applications to the SBA to obtain loan guarantees for clients interested in the SBA Low Doc and the SBA 7 (a) Loan Guarantee Programs.
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