SBA & USDA Lending Solutions

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10 Part Blog Series:  Creating an Efficient and Profitable SBA 7(a) Lending Initiative

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 efficient and effective SBA 7(a) loan initiative.

In the upcoming months, Windsor will be introducing a series of articles exploring ten fundamental SBA 7(a) lending concepts.  Each blog will address tips and common issues within each function.

The blogs are authored by team members who play a critical role within each function at Windsor.  Each person will leverage their unique experience and personal perspective to provide valuable insight.

The series will include the following articles:

SBA 7(a) and USDA Lending
How to Set Your SBA Strategy for Success – Discusses critical components of strategy, target markets and risk management necessary for an effective and profitable SBA department (Author: Managing Director, Shawn Andrews)

5 Key Requirements for SBA Loan Eligibility – Focuses on the five main areas of eligibility which include industry, borrower, guarantor, use of proceeds and loan structure (Author: Director, Credit & Structuring, Will McClain)

5 Things to Know About Submitting an SBA Loan Application to the Loan Guaranty Processing Center – Identifies key items to consider when submitting a loan through the General Program (Author: Vice President, Processing, Jeff Nogle)

Top 5 Reasons for SBA Loan Screen Outs – Discusses common processing errors identified by the SBA and best-practices for preventing them (Author: Senior Associate, Processing, Steven Perry)

The 5 Key Factors Impacting 7(a) Secondary Market Premium – Identifies the terms that most significantly impact the premium when selling an SBA 7(a) loan (Author: Associate, Risk Management, Rob Forslund)

SBA Loan Servicing: 5 Common Mistakes Lenders Make – Provides an overview of 1502 reporting and discusses servicing errors and how to avoid them. (Author: Director, Servicing, Leonard Ray)

SBA Portfolio Management: Is My Guarantee Safe? – Identifies risk management tools that can be used to proactively monitor a lender’s SBA 7(a) loan portfolio (Author: Senior Associate, Portfolio Management, Jared Lemmermen)

Get Insurance or Get Repaired – Highlights common issues in monitoring borrower insurance policies and provides a best-practices overview for staying in compliance (Author: Associate, Risk Management, Sam Cloghessy)

SBA 7(a) and USDA LendingSBA Loan Default: Top 6 Reasons for Repair or Denial – Discusses the top reasons for repair or denial highlighting the impacts of deficient documentation (Author: Chief Operating Officer, Mike Breckheimer)

SBA Liquidations: How to Liquidate an SBA Loan – Outlines procedures and deadlines for lenders to follow in order to efficiently liquidate collateral after a loan has entered default (Author: Manager, Special Assets, Jeff Nitti)

Please reach out to any of our team members with specific questions or training requests.

About Windsor Advantage, LLC

Windsor Advantage provides a comprehensive outsourced SBA 7(a) and USDA lending platform to institutions across the Country.  This turn-key solution is provided with no minimum volume requirements or long-term contract.  Services are defined across the following functional silos: strategy, pre-approval, application processing, loan closing, loan sales, servicing, documentation and intensive servicing.

Since 2010, Windsor has processed more than $2.0 billion in government guaranteed loans and currently services a portfolio in excess of $1.1 billion in loans for more than 80 banks across the U.S.  Windsor Advantage is based in Chicago, Illinois, with offices in Indianapolis, IN and Charleston, SC.

Andrew SheafferAbout the Author:  Andrew Sheaffer manages Windsor’s Sales & Marketing department.  He graduated from Miami University with a degree in Communication.  Previously, Andrew worked in Chicago at BMO Harris Bank where he worked with financial institution clients.  He is responsible for all media relations and can be reached at (312) 248-8530.

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