Since 2010, Windsor bank clients have funded more than $370 million in business acquisitions through the 7(a) Program. CHICAGO, IL, February 21, 2018 – On January 24th, Will McClain, Managing Director of Windsor Advantage’s Chicago office, had the opportunity to present to University of Chicago MBA students on best practices using the SBA 7(a) Loan […]
SBA 7(a) loans can be a beneficial asset class for lenders, but it requires an intimate knowledge of the process and rules that govern the Program. There are many nuances to SBA loan servicing compared to conventional loans and certain areas can easily be overlooked, creating issues that can be complicated to unwind. When not
SBA Loan Servicing: 5 Common Mistakes Lenders Make Read More »
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
The 5 Key Factors Impacting 7(a) Secondary Market Premium Read More »
In South Carolina, small businesses represent 97% of the state’s employers (Source: SBA Office of Advocacy). Shawn Andrews, Managing Director of Windsor Advantage, recently had the opportunity to speak at the City of Charleston’s “Access to Capital” roundtable held at the Gaillard Center on November 1, 2017. Mayor John Tecklenburg and South Carolina District SBA Director
What We Learned from the Small Business “Access to Capital” Roundtable Read More »
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
Top 5 Reasons for SBA Loan Screen Outs Read More »
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.