According to the ICBA, community banks represent roughly 99% of all banks in the United States and make nearly 60% of all small-business loans across the country. By lending locally, these institutions drive economic growth within our communities and are an integral part of our nation’s financial system. While the SBA’s flagship 7(a) program fell …
Community Banking: 5 Opportunistic States for SBA Lending in 2019 Read More »
The SBA’s flagship 7(a) program fell just short of another record setting year in FY2018, with $24.37 billion in authorized loan volume through the 12 months ended September 30, 2018. Had this number reached $24.45 billion, FY2018 would have represented the sixth consecutive year of overall growth. Despite the growth streak being snapped (which could …
SBA 7(a) Loan Program Statistics: 4 Key Trends Through FY2018 Read More »
In one of our recent articles, A Beginner’s Guide to SBA 7(a) Lending, we explored a few of the basic fundamentals of the SBA lending industry. Although this framework was geared to help guide novice SBA lenders, many of the key risks highlighted in the article predominantly occur when proper controls are not thoughtfully established …
How to Implement the Proper Controls for Your SBA Department Read More »
In the aftermath of Hurricane Florence, many lenders will receive requests for assistance from customers during cleanup efforts. This short article will outline some of the common experiences of Windsor’s clients from Hurricane Harvey and provide information on SBA resources available to lenders and borrowers. Proactive Portfolio Management Windsor recommends that lenders compile a list …
On August 16th at the Great Lakes Small-Business Lenders Conference in Detroit, MI, three expert SBA Lender Service Provider (LSP) panelists were assembled to speak on the topic of “How to Best Engage LSPs”. The Q&A session was focused on increasing awareness of the services provided by LSPs and how to establish a favorable relationship …
SBA Lender Service Provider: “How to Best Engage LSPs” Expert Panel Discussion Read More »
The SBA 7(a) Loan Program authorizes the SBA to guarantee loans made by lenders to small-businesses “for whom the desired credit is not otherwise available on reasonable terms from non-Federal sources”. Common reasons credit might not be available on reasonable terms – referred to as the Credit Elsewhere Test – include (but are not limited …
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