SBA Lending

    Boosting Efficiency: The Power of SBA Loan Software for Lenders

    5 min read

    Boost Efficiency: The Power of SBA Loan Software for Lenders

    Picture of FileInvite FileInvite: Feb 15, 2024 5:34:19 PM

    SBA loan software is an important tool for modern banking and financial services. These platforms streamline the lending process for Small Business Administration (SBA) loans, with support for various SBA loan products such as 7(a) loans, microloans, and express loans. Most kinds of SBA loan software are adaptable to different loan types and can update swiftly in response to changes in SBA loan programs.

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    The 10 Most Common Reasons for SBA Guaranty Denials

    5 min read

    The 10 Most Common Reasons for SBA Guaranty Denials

    Picture of FileInvite FileInvite: Feb 8, 2024 11:33:29 AM

    The Small Business Administration (SBA) lending program is an important resource for your financial institution because of its ability to distribute capital to small businesses and community members at favorable terms. In the 2023 fiscal year alone, the SBA delivered $52 billion in capital to businesses in the United States.

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    SBA Form 1919: Everything You Need to Know to Keep Borrower Information Safe

    6 min read

    SBA Form 1919: Everything You Need to Know to Keep Borrower Information Safe

    Picture of FileInvite FileInvite: Feb 7, 2024 2:39:09 PM

    In 2023 alone, the Small Business Administration (SBA) approved over 57,000 loans totaling over $27 billion for small businesses. For small businesses, 7(a) loans can be a lifeline through uncertain economic times, and SBA Form 1919 is the gateway to 7(a) loans.

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    SBA 504 Loan Application: Everything You Need to Know

    5 min read

    SBA 504 Loan Application: Everything You Need to Know

    Picture of FileInvite FileInvite: Feb 1, 2024 12:19:17 PM

    The Small Business Administration (SBA) assists small business owners throughout the development process. One of the most valuable services the SBA provides is financing for business expansion and asset procurement.

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    The SBA's Decision on Delinquent PPP Loans: What You Need to Know

    5 min read

    The SBA's Decision on Delinquent PPP Loans: What You Need to Know

    Picture of FileInvite FileInvite: Jan 30, 2024 12:02:33 PM

    During the COVID-19 pandemic, the Small Business Administration (SBA) issued a total of 11.5 million loans to businesses through the Paycheck Protection Program, or PPP. The stated purpose of these loans was to allow employers to continue meeting their payroll expenses, but many businesses courted controversy by laying off staff and using the funds to buy cars, boats, and mansions instead.

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    The Ultimate Guide to Brokering Successful SBA Transactions

    6 min read

    The Ultimate Guide to Brokering Successful SBA Transactions

    Picture of FileInvite FileInvite: Dec 15, 2023 1:28:12 PM

    In financial services, brokers in Small Business Administration (SBA) transactions help thousands of small businesses obtain the funds they need to survive and thrive. SBA loans provide a vital source of financing for small business owners across the United States, enabling them to start, grow, and sustain their operations. In the fiscal year 2023, over 57,362 SBA 7(a) loans were approved — with an average loan size of $479,685 — amounting to a total of $27.5 billion.

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    How to Remove the Friction Points in Your SBA Loan Approval Process

    3 min read

    How to Remove the Friction Points in Your SBA Loan Approval Process

    Picture of FileInvite FileInvite: Jul 14, 2022 2:45:00 PM

    SBA loans are a type of small business loan partially guaranteed by the federal government – the Small Business Administration – that mitigate the financial risk of commercial lenders to encourage broader lending to small businesses in need of assistance. The SBA is not a lender. Rather the SBA partially backs small business loan applications within a network of approved lenders.

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