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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