Are you falling behind on SBA requirements?
Are you moving slower than your competition? Most lenders spend up to 70% more time on SBA loans than other loan types. That wasted time can mean frustrated borrowers, missed opportunities, and even risk to the SBA guaranty.
We created this step-by-step SBA 504 checklist to help you streamline every stage, from prequalification to closing. It’s a practical, bookmarkable guide you can use internally to spot bottlenecks, reduce friction, and keep compliance on track.
While GoDocs automates and accelerates the SBA 7(a), 504, and Express loan closing stages, this checklist zeroes in on best practices for the 504 process. Paired with GoDocs’ ability to automate and accelerate the closing stage, you’ll be equipped to deliver a smoother borrower experience and stay SBA-ready as guidelines evolve.
Download our SBA 504 checklist now and stay ahead—before your competitors do.
Prequal to Closing
A practical companion to help lenders stay on track with SBA 504 requirements and internal policies.
Inside, you’ll find a step-by-step guide covering the full SBA 504 loan process:
1. Prequalification – Key to identifying qualified borrowers early, with a mini checklist of initial documentation and best practices to set expectations.
2. Underwriting – Includes a checklist of risk assessments and tips for a smoother approval process.
3. Commitment Letter – Guidance on preparing and issuing the letter, with reminders for necessary conditions and borrower communications.
4. Post-Approval Due Diligence – Mini checklist of verifications, forms, and proactive steps to reduce delays before closing.
5. Closing – Detailed checklist of documents, signatures, and compliance best practices to ensure a fast, error-free closing and a positive borrower experience.
Each section is designed to help you proactively streamline the process, stay organized, and deliver a better experience for borrowers.
