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Are All SBA Lenders Created Equal?
The answer is no, not all SBA lenders are created equal. That’s because each lender applies the Small Business Administration’s Standard Operating Procedures manual, also referred to as the SOP, differently.
For example, some lenders have developed internal lending policies that are more stringent than the SOP. These lenders favor prime borrowers which translates to the lowest rates and most favorable terms for the few businesses who qualify.
If you liked this content, let's connect on social media:
Instagram: https://instagram.com/mysbapro
Twitter: https://twitter.com/mysbapro
LinkedIn: https://linkedin.com/in/ryanpatryck
More ThinkSBA Resources
https://calendly.com/thinksba - Schedule Call
https://g.page/thinksba - Google Business Page & Reviews
https://thinksba.com/faq - Frequently Asked Questions
https://mysbaloanpro.com - My SBA Loan Pro Podcast
https://youtube.com/@thinksba - YouTube Channel
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By Ryan Smith
5
1010 ratings
The answer is no, not all SBA lenders are created equal. That’s because each lender applies the Small Business Administration’s Standard Operating Procedures manual, also referred to as the SOP, differently.
For example, some lenders have developed internal lending policies that are more stringent than the SOP. These lenders favor prime borrowers which translates to the lowest rates and most favorable terms for the few businesses who qualify.
If you liked this content, let's connect on social media:
Instagram: https://instagram.com/mysbapro
Twitter: https://twitter.com/mysbapro
LinkedIn: https://linkedin.com/in/ryanpatryck
More ThinkSBA Resources
https://calendly.com/thinksba - Schedule Call
https://g.page/thinksba - Google Business Page & Reviews
https://thinksba.com/faq - Frequently Asked Questions
https://mysbaloanpro.com - My SBA Loan Pro Podcast
https://youtube.com/@thinksba - YouTube Channel
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