Growth in SBA 7(a) loan sales has closely followed the growth in SBA 7(a) loan fundings every year since 2012. The chart below illustrates that in fiscal 2017 a record 16,700+ SBA 7(a) loan guarantees were sold for roughly $9.3 billion in principal. (Source: Colson Services Corp.) Lenders participate in the 7(a) secondary market for
Processing a 7(a) loan through the General Program can seem like a daunting task. The thought of an SBA Specialist combing through the intricate details of a loan and issuing an SBA loan screen out spurs questions of timing and often uncertainty about eligibility. A “screen out” is the official issuance of questions from the
Delegated Authority and General Program (GP) loans both play a vital role in the success of small businesses and the SBA Program on an annual basis. As a Lender Service Provider for more than 75 banks and credit unions nationwide, Windsor works with delegated and non-delegated lenders, both of which utilize the General Program strategically.
SBA 7(a) loans can be an incredibly effective tool for banks and credit unions to provide capital to small businesses. However, the regulations surrounding eligibility can be difficult to understand for even the most experienced commercial lender. The 7(a) program provides a deficiency guarantee of up to 90% (generally 75%), but many factors impact whether
Lenders have discovered the benefits of the SBA 7(a) Loan Program and are making loans at a record pace. As the below chart illustrates, total dollar volume hit a three-year high of $25.45 billion in FY 2017 (as of September 30, 2017). At the same time, the number of lender participants has dropped to 1,978
Since 2010, Windsor Advantage has processed more than $2.0 billion in SBA 7(a) and USDA loans and we currently service a portfolio of more than $1.1 billion of government guaranteed commercial loans (as of May 31, 2018). This experience provides us with a unique perspective that we leverage to help lenders achieve success through an
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