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  • Writer's pictureLori N. McCausland

Drowning under an SBA to-do pile?

We've been hearing it's been a challenge for SBA 7a lenders to find, hire, and maintain an experienced SBA 7a lending team.

Whether it's processing, underwriting, packaging, documenting, funding, or servicing SBA loans, if you don’t have a strong, well-trained, and, yes, experienced team, the bottlenecks pile up, and you could end up with a portfolio that’s not fully compliant with SBA 7a requirements.

And that means you’re putting your SBA guaranty at risk.

If this sounds like you, here are five key points where an SBA Lending Service Provider (LSP) can help.

1. Cost savings

  • Outsourcing to an experienced LSP means you’ll fill in the gaps where you don't have knowledgeable personnel – without needing to hire and train full-time staff. And you can cover the high/low volume cycles that happen with market changes – without needing to hire or conduct layoffs.

2. Expertise

  • An experienced LSP helps you quickly resolve issues, providing a level of expertise your in-house team may not have yet. As a bonus, your in-house team will learn as they work alongside the LSP’s people.

3. Scalability

  • In times of huge growth or, conversely, sudden slowdown, outsourcing gives you the flexibility to adjust relative to the exact level of support you need in the moment.

4. Flexibility

  • Outsourcing gives you the ability to choose where you want support. You can cherry-pick just the services you need, augmenting your team with resources from the LSP.

5. Improve efficiencies

  • Partnering with an experienced SBA 7a LSP provides efficient, effective support. LSPs have experience with numerous operational styles, and know what works – and what doesn't. They’ll help resolve issues quickly and work with you to implement lasting solutions.

Want to know more? We’d love to talk with you and see where you most need support, and how we might be able to help. Click here to schedule a call with us.


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