While the SBA has sunsetted its Community Advantage Loan pilot, it has named B:Side as a Community Advantage Small Business License Company (CA-SBLC). With the CA-SBLC license, B:Side can provide small 7(a) loans up to $350,000 in Colorado, Arizona, New Mexico and Utah to small businesses that do not meet conventional credit requirements.
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Wondering what a Lender Service Provider is or how it can help you? A well-run LSP team can help a financial institution to grow its loan portfolio and increase its profitability, while providing much-needed financial support to individuals and businesses in the community.
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When borrowing money, lenders typically ask for your cash flow and debt service statements for your business. While these are closely related financial concepts, they are not the same. Here is the key difference between them:
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Applying for a loan requires careful preparation. Learn some of the key factors that lead to loan approval, helping you increase your chances of securing the funding you need.
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