In this episode of the Art of SBA Lending, host Ray Drew moderates a roundtable discussion on the future of SBA lending with Kevin Rafferty, Lynne Singletary, and Javier Jorge.

They discuss the changes in SBA lending over the past decade, the impact of technology and remote work, and the importance of human judgment in the lending process. 

Key Takeaways: 

🔹SBA lending has become more efficient and accessible over the past decade, with more lenders and banks offering SBA loans.

🔹The internet has played a significant role in increasing awareness and knowledge about SBA financing among business owners.

🔹The SBA lending industry is facing a talent shortage, with a lack of trained underwriters and closers.

🔹Automation and technology can improve efficiency in certain aspects of the lending process, but human judgment and expertise are still essential for assessing risk and making lending decisions.

 -----------

This episode of The Art of SBA Lending is brought to you by:

Rapid Business Plans | Rapid Business Plans is the go-to provider of business plans and feasibility studies for government guaranteed small business lenders.

For more information, or to set up a Get Acquainted call, email Bethany McClellan at [email protected]

-----------

Lewis Kappes | Lewis Kappes is a premier law firm providing legal counsel to banks and non-bank lenders closing SBA transactions nationwide.

With a team of focused SBA professionals, Lewis Kappes empowers lenders to maximize volume and safeguard their SBA guarantee through systematic and comprehensive legal management of commercial loans.

If you're interested in learning more about the Lewis Kappes SBA Department, contact Scott Oliver at [email protected].