Sunrise Banks’ Post

Don't forget to mark your calendars for August 13th! Our webinar, "Your Guide to Understanding SBA Loans - 10 Key Facts for Small Businesses," promises invaluable insights into securing SBA loans for your business. Led by Natalie Campion, Sales Manager, and Christina Sanders, Senior Marketing Manager, from Lendio, you'll learn everything you need to know about SBA loans. ➡️ Save your seat here: https://bit.ly/4cu1dsv

Don't forget to mark your calendars for August 13th! Our webinar, "Your Guide to Understanding SBA Loans - 10 Key Facts for Small Businesses," promises invaluable insights into securing SBA loans for your business. Led by Natalie Campion, Sales Manager, and Christina Sanders, Senior Marketing Manager, from Lendio, you'll learn everything you need to know about SBA loans. ➡️ Save your seat here: https://bit.ly/4cu1dsv

Don't forget to mark your calendars for August 13th! Our webinar, "Your Guide to Understanding SBA Loans - 10 Key Facts for Small Businesses," promises invaluable insights into securing SBA loans for your business. Led by Natalie Campion, Sales Manager, and Christina Sanders, Senior Marketing Manager, from Lendio, you'll learn everything you need to know about SBA loans. ➡️ Save your seat here: https://bit.ly/4cu1dsv

Is your credit union seeking ways to empower your members and fuel their entrepreneurial dreams? Look no further than the SBA 504 Loan Program! This powerful tool can help your members acquire the long-term financing they need to grow their businesses and achieve their goals. Join us and our partner Mountain West Small Business Finance, one of the Nation's Top Certified Development Companies, for a FREE informative webinar where we'll delve into the intricacies of the SBA 504 program and explore how it can benefit both your credit union and your small business members. In this webinar, you'll learn about:  - The unique advantages of the 504 program for credit unions.  - How 504 loans can help your members achieve their business goals.  - Common misconceptions surrounding the 504 program compared to the SBA 7(a) loan. Don't miss out on this opportunity to unlock the potential of SBA 504 lending for your credit union! Register here: https://bit.ly/4dJdUjZ 

Have you had a review by SBA? How did the review of their samples SBA Express loans go? Many bank got much more involved in SBA Express loans in 2021 & 2022 after learning how easy PPP loans were to enter in the E-Tran system. The tricky part? SBA Express loans are nothing like PPP loans! Lenders had to follow most of the eligibility and documentation procedures of a regular SBA loan. The “Express” part of SBA Express is the approval process….NOT that most rules don’t apply. I’m finding most banks have issues with their SBA Express loans and don’t know it until either they have defaulted loans denied for guaranty purchase or a not-so-great review by SBA. If you have SBA Express loans on the books that aren’t eligible or missing documentation, it’s best to have those reviewed to get issues rectified. In some cases, you may need to withdraw the guaranty and stop paying the servicing fee. You may have to re-write the loan or make another determination going forward. Common Issues I Find in Reviewing SBA Express Loans: ✏️ Ineligible structure or ineligible project for SBA Express ✏️ Missing documentation…I could write a book on this! ✏️ Use or Proceeds listed incorrectly and/or not fully documented. ✏️ Inconsistent in numerical information across the file I’d be happy to take a look at your SBA Expres loans and help you get on track. https://lnkd.in/eABZubH #sbaloan #sbaloans #sba #sbalending #sba7a

🔑 Fast SBA Loan Hack: Get your personal AND business credit scores in check 📊. Many business owners forget that BOTH scores matter when applying for an SBA loan, and it’s the #1 reason applications get delayed ⏳. With our SBA Express Program, we’ll fix your credit AND your financials to get you approved faster 💥. Ready to start? Comment 'READY' below ⬇️

Mark your calendars for August 13th! Our webinar, "Your Guide to Understanding SBA Loans - 10 Key Facts for Small Businesses," will provide invaluable insights into securing SBA loans for your business. Led by Natalie Campion, Senior Loan Officer, and Christina Sanders, Financial Advisor, from Lendio, you'll gain the knowledge and confidence needed to navigate the SBA loan process. Save your seat here: https://bit.ly/4cu1dsv

Mark your calendars for August 13th! Our webinar, "Your Guide to Understanding SBA Loans - 10 Key Facts for Small Businesses," will provide invaluable insights into securing SBA loans for your business. Led by Natalie Campion, Senior Loan Officer, and Christina Sanders, Financial Advisor, from Lendio, you'll gain the knowledge and confidence needed to navigate the SBA loan process. Save your seat here: https://bit.ly/4cu1dsv

"Being a start-up business, we knew that one of the first things we would need is an SBA loan. Once we secured our loan with Arizona Capital Source, we were able to finalize other details and open for business shortly afterward." 💼🌟 Emily & Lindsey, Owners of Genu Wine SBA 7a Start-Up Loan Let's talk about how our SBA 7a loans can make a difference for you. Reach out to us today! Ashley Mapes Lori Simmons Ross Kohl #LocalCommunity #ArizonaGrowth #EntrepreneurialJourney #LocalSupport #LocalCommunity

Breaking Barriers in SBA Lending https://flic.kr/p/.HNu At Commercial Capital, SBA is quickly becoming the largest part of our pipeline, which is crazy because we have our own private money. But those deals are not as common as businesses expanding and growing. At least right now. Below are just some of our strengths in the SBA space…… Loans with no collateral up to $5 Million Almost all our SBA loans got denied by other SBA lenders first Can do start-ups and expansions with just 10% down We fit the square peg in the square hole! We can do loans with no experience We can do loans with lower credit scores \