SBA Preferred Lender
The Small Business Administration (SBA) created the Preferred Lenders Program (PLP) as an important step toward streamlining the procedures for providing financial assistance to the small business community.
Qualifying for Preferred Lender status is not easy. A lender must have a solid history in its dealings with the Agency. The lender's proficiency in processing and servicing SBA loans is a critical factor in the Agency's decision.
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The SBA looks at three lender qualities before granting Preferred status:
- The lender's ability to process, close, service and liquidate loans
- The lender's ability to develop and analyze complete loan packages
- The lender's performance history with SBA
Preferred Lenders are granted a designated area in which they may make PLP loans. Status is granted for two years, after which the lender must apply for recertificaiton.
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First Heritage Capital's resources, expertise and efforts have made us an SBA Preferred Lender within our territory in Arizona, Nevada and California. We have the desire and the ability to provide fast, flexible, first-class service to small businesses seeking financial assistance through SBA programs.
The link below will take you directly to the SBA web site where you can learn more about the agency and its programs.
To sba.gov
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