How long should it take a HML to respond with an answer?

[Tiffany H.]

Hello, my Husband and I are starting out as new investors and are trying to get approved via a Hard Money Lender. However, we applied last week, and still no answer if we are approved or not. Does anyone in the BP community have an idea of how long it takes for HML's to respond with a yes or no? My Husband has called a couple of times and was told that they are still working on it. We have a home that we are interested in and the seller is allowing us to have a look inside tomorrow.. basically giving us a heads up before anyone else. But if we aren't approved, it's almost pointless!

Any help would be appreciated.

Thanks!