Trust But Verify: SBA Credit Memos and AI
AI can be a useful tool for SBA Lenders, helping reduce the time spent organizing information and drafting credit memos. It can summarize documents, identify trends, and create first (emphasis on first, please) drafts in minutes.
But the rule everyone should remember is: TRUST BUT VERIFY.
(We’ve all seen news reports of various professionals relying on AI and not verifying, only to be caught out with fictional references and other career-ending problems!)
Rebecca Mendoza
Jul 8
What Bank Executives Should Understand About SBA Lending
Let’s start here: SBA lending is not “small commercial lending with extra paperwork.”
Instead, it’s strategic risk management guided by the SBA SOP.
Why?
To start with, the government guaranty fundamentally changes risk exposure.
And then there’s the community aspect: SBA loans allow banks to safely serve small-business Borrowers that might not qualify for a standard commercial loan. This helps stabilize not only the local business community, but also the bank’s overall credi
Lori N. McCausland
May 4