Lender Lifeline

Some professional advisors require their clients to sign a retainer agreement and post a significant sum of money to be drawn as the advice is given. We put ourselves in your shoes and thought, there must be a better way! And there is. We call it our Lender Lifeline. With the execution of a simple, straightforward general consulting services agreement with sbaAccess, your group can begin accessing the best, timeliest, and value oriented advice available in the market today for SBA lending. And the best thing about it, you only pay for what you use, as you go. Further, we can structure a monthly cap so that you know for budget purposes, your monthly bill won't exceed an amount certain (you choose the $ amount). If you don't use the budgeted amount for that month, you are only billed for what you use. If you exceed the budgeted amount, we will just roll over the extra into the next month (so we stay within your budget each month).

So how should you use the Lender Lifeline?

Our Lifeline clients use this service in many different ways including:

• New loan requests
  • Provides guidance on optimal structuring to assure SBA compliance
  • Interprets the new SBA 5010 5-A and how it impacts a particular credit
    • Did you know that a non-profit affiliate that owns 20% or more of the for-profit business applicant must guarantee the loan?
    • Make sure to document the 3 factors required to determine there are sufficient services offered from a passive business
  • Explains how to document ambiguous documentation requirements properly
    • Can you really refinance that line of credit?
    • Should you send the loan through non-PLP procedures when not requiring life insurance?
• Loans in process
  • Answers specific questions on the best way to document equity, disbursements and other "hot button" issues (to "protect the guaranty")
    • If the loan defaults "early", this documentation is critical
  • Helps with the paper flow required from internal loan application to SBA loan approval to loan closing documentation to full disbursement
    • The documentation "trail" is your defense with SBA at time of loan approval, loan audit and guaranty purchase (doing it right up front, prevents headaches later on)
• Servicing issues
  • Provides clarity around unilateral authority for loans on the books (what can you do without permission, when do you need to advise SBA etc.)
    • The "playing field" has been leveled, but the responsibility is high for ALL lenders
  • Assists with those "hairy" 1502 reporting questions
    • How do you properly document SBA Express revolving line of credit?
    • A loan just prepaid, how do we report the prepayment penalty?
  • Provides guidance of how to interpret and use the information provided quarterly by SBA through the lender portal
    • The SBA lender ranking (and its components) is a useful tool when managing the SBA loan portfolio
• Problem loans
  • Helps figuring out the best course of action on a loan that is now past due, but not "dead" yet
    • There ARE ways to assist a struggling business become "viable" again
  • Assists with determining the best option to pursue when working out a loan to keep it "alive"
    • A deferment isn't always the best plan for a long-term problem
• Liquidations and guaranty purchase recovery
  • Provides guidance on how to maximize the value of the guarantee when the bank has made some mistakes

These issues and many more come up every day and our professional team of experts is available on a priority basis to answer your questions either by telephone or email, usually within hours of the request and certainly within 24 hours in most cases. Occasionally the questions are so unusual that we need to do a little research. We bring quite a bit of experience to the all aspects of the SBA lending process and know where to look, who to ask and what questions to ask to probe deeper on your behalf. We have good relationships with senior people in SBA and never hesitate to reach out to those types of "lifelines" to provide depth to our own Lender Lifeline with you.

sbaAccess Lifeline clients tell us that we save them an incredible amount of time and effort which translates to improved efficiency, quicker responses to clients and faster resolutions - the right way. A small investment now can save much more later. To get started with your Lender Lifeline today, simply fill out the form below and press submit.

We will complete the paperwork immediately and get you established in your customized Lifeline so you and your staff can have immediate access to technical assistance.