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What's the SBA Process Like for Lenders?

December 16, 2019 / by LendXP

Process

 

We've been doing SBA loans for a long time. Long enough to know there are many myths and misconceptions out there. The unfortunate result is that some lenders miss out on rewarding opportunities to support small businesses, strengthen their community brand, offset risks, and generate fee income.

One concern we hear frequently is that the loan process will be overly complicated and time-consuming. We're here to tell you - it doesn't have to be.

We've worked hard to cultivate a process that creates positive experiences for both the lender and the borrower. We understand SBA guidelines inside and out and provide lenders with support through each step. Most lenders find that although it may be different than a conventional loan, following LendXP's process minimizes time and effort. We offer lender training and work with your team to optimize with every loan.

Here's what lenders can expect during the SBA loan process with LendXP, step-by-step.

 
View the Process
 
 

 

 

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Topics: Community banks, SBA Loan, small business, sba loan process, Lenders

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