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What is a Non-Bank SBA 7a Lender (SBA 7a loans)?
In this second episode with Ray Drew, Beau and Ray talk about non-bank SBA 7(a) lenders.
You may ask, “What is a non-bank SBA lender?” In short, it's NOT a bank. But more importantly, they are direct lender but not under all the rules as an FDIC-insured bank. They have more flexibility than a traditional bank. The best non-bank lenders are “Preferred Lender Partner” (or PLP) is the most desirable accreditation a lender can receive. PLP lenders can offer the full range of SBA loan products and have the authority to make final credit decisions, which simplifies and speeds up the loan approval process for everyone involved.