That is entirely up to your lender. The SBA doesn’t actually provide loans, but instead they guarantee loans given to you by traditional lenders like banks. The lender will need to approve your loan and give you a pre approval if that’s what you need, but that will take some time. You should check with your franchisor to determine if there is a financing contingency, which there can be in a lot of these franchise agreements. I certainly wouldn’t move forward with paying the fee until you know you’re going to get funded. In fact, I’d probably try to make it happen the same day the money for your loan goes through.