Final answer:
SB/BG processing times vary, usually taking from a few business days to several weeks, and are dependent on bank procedures and the transaction details. EA license processing may take longer due to government review.
Step-by-step explanation:
The time taken for SB/BG (Standby Letter of Credit/Bank Guarantee) processing can vary widely depending on a variety of factors such as the individual bank's procedures, the complexity of the transaction, and the completeness of the application submitted.
Banks may offer different time estimates, but typically processing can range from a few business days to several weeks. It's important for applicants to provide complete and accurate information to avoid delays.
In the case of an EA (Export Administration) license, which is often related to the export of items that could affect national security, economic security, or foreign policy, the processing time could be on the longer side due to the need for thorough review and potential government involvement.