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NAGGL Gets the SBA 7(a) Program

The SBA's flagship 7(a) program provides loans to small businesses unable to secure financing on reasonable terms through conventional credit channels. The program operates through private-sector lenders that make loans guaranteed by the SBA in the case of default.

For lenders, the 7(a) loan program has the potential to:

• Increase the Size of Your Portfolio—The mitigated risk provided by federal guarantees as high as 90% allows you to comfortably expand your customer base and increase quality assets.
• Increase Liquidity—7(a) loans can be readily sold on a very healthy secondary market.
• Increase Regulatory Loan Limits—Only the unguaranteed portion of an SBA loan counts against your regulatory loan limit per customer.
• Increase competitiveness—The ability to offer terms as long as 25 years gives you a more desirable product line to offer prospective and existing customers.


SBA 7(a) Business Loan Program

 

SBA 7(a) loans are delivered through the agency's private-sector lending partners and provide long-term capital to creditworthy small businesses that are unable to secure financing on reasonable terms through conventional credit channels.

For lenders, 7(a) lending has the potential to:

• Increase the Size of Your Portfolio—The conditional federal guarantee helps to mitigate some risk and allows you to comfortably expand your customer base and increase quality assets.
• Increase Liquidity—7(a) loans can be readily sold on a very healthy secondary market.
• Increase Regulatory Loan Limits—Only the unguaranteed portion of an SBA loan counts against your regulatory loan limit per customer.
• Increase competitiveness—Terms as long as 25 years make a more desirable product line to offer prospective and existing customers.

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Calendar

10/31/2016 » 11/4/2016
ANNUAL CONFERENCE on Small Business Lending