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Total SBA Named Coleman SBA Lender Service Provider of the Year

Total SBA, a nationwide SBA lender service provider supporting financial institutions with end-to-end SBA lending solutions, has been named SBA Lender Service Provider of the Year by The Coleman Report, one of the most respected publications covering the SBA lending industry.

The recognition highlights Total SBA’s leadership in SBA loan processing, underwriting, closing, and servicing support for banks across the United States.

Left to Right: Luis Salazar, Brian Carlson, Paul Foster, Rich Carlson, Debbie Hefner, Jacquleen Alagozian

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The Cost of Doing Business in SBA Lending

Any business, banks especially, have overhead such as facilities, equipment, furniture, insurance, IT software, and security. These are fixed or semi fixed costs, whether your bank has an SBA department or not. So if you’re going to add an SBA department, the added costs are mostly personnel. To ensure the business unit is not only successful, but also compliant, your added costs will include an SBA Business Development Officer (BDO), an SBA underwriter, experienced SBA processor and someone who can handle post close SBA loan servicing. Depending on the geographic location, the cost of adding said personnel will vary greatly.

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SBA 7a Collateral requirements.

There are several misconceptions about collateral requirements for SBA loans. Read this short article to learn more.

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Advantages of SBA Lending When Buying CRE

One of the benefits of the SBA 7a lending program is a lower down payment when purchasing real estate - as little as 0% down on a CRE purchase or construction project. Learn more now.

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The simple way to create a profitable SBA department.

Wouldn’t it be great to have a variable-cost SBA department just down the hall that reports to you and has the expertise to handle your SBA loan requests efficiently and accurately from start to finish? Total SBA is that solution—while we may not be down the hall, we are only a phone call or email away.

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