What Is an SBA Preferred Lender?

 SBA preferred lenders

An SBA Preferred Lender can help borrowers get the funds they need faster than a regular SBA lender. When a bank or financial institution has a "Preferred Lender" status, this institution has the authority to make final credit decisions on SBA-guaranteed loans. By contrast, non-preferred lenders must submit the loans directly to the SBA for approval, which makes the process longer.


To learn more about the SBA 7(a) loan program or to get a free quote, simply click the button below to connect with our partners at lendio!