Shopping SBA lenders

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by a searcher from University of Louisville
in St. Louis, MO, USA

2mos ago

Shopping SBA lenders

What is the standard process for selecting a SBA lender to use for a potential deal. Is it okay to keep several SBA lenders on the hook or is it best practice to have narrowed it down to one before going under LOI. Is it okay to progress to the point that I have multiple term sheets with the specific business I am pursuing? I don't want to burn any bridges with lenders but also don't want to get tied down to the wrong lender.

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reply by a lender 2mos ago
from California State University, Sacramento in Seattle, WA, USA

I’m an active lender in the eta space. I actually encourage you getting to know multiple lenders to develop direct relationships. I have lots of search resources for you and a weekly office hours type power hour for going over all things SBA. Happy to start a conversation and talk about your deals pre-LOI. redacted

reply by a lender 2mos ago
in Falmouth, MA, USA

Appreciate the mention, @redacted‌. @redacted‌, happy to connect if it makes sense. In my experience, the real edge in lending comes from insider-level credit market understanding, not just access to multiple lenders. At AWG, we bring both to our clients. redacted