Want to Start an SBA Lending Program?
SBA Lending will go down in history as the most effective Private-Public endeavor ever created by the federal government. It is the only government program that pays for itself leaving very little, if any, exposure to the US taxpayer. SBA lending provides access to capital for small businesses that would not be available to them through conventional loans. This program has also become wildly popular due to the secondary market and the attractive fee income it produces. This remarkable tool for job creation would be even more utilized if lenders had the resources available to them through SBA Advisors.
Small business represents over 75% of new lending opportunities. Yet lending to this market is accompanied by the highest risk. The SBA government guaranty lending program has gone a long ways in providing an incentive to lenders to make more loans. These loans, by credit policy and underwriting guidelines, are more heavily scrutinized than conventional loans. With the growing issues of SBA compliance, lenders must do it right, or please - do not do it at all.