How to Partner

As you begin working with us, utilize the resources in the Lender Portal to help identify eligibility. You can always chat, email, or call us at any time to discuss a potential project. (303.657.0010 | hello@bside.org)

  1. Step 1

    The first step for both the SBA 504 and 7(a) loan process will be to complete our brief submission form. This will allow you to access our Secure Document Portal and receive a project needs list. You can begin this step even if you don’t have all of the required documents. Once you’ve uploaded everything requested, your project will be reviewed by our team and assigned to a Loan Officer.

SBA 504 Loan Process

  1. Step 2 (Approval #1)

    Your project will be presented to our External Loan Review Committee for approval before sending it to SBA.

  2. Step 3

    Once approved, we will work with you and the borrower to complete the loan file in preparation for SBA submission.

  3. Step 4 (Approval #2)

    Loan Officer submits the loan request to the SBA. SBA receives and reviews the completed application and issues the Terms and Conditions if approved. In addition to the approval on the loan request, the SBA must also review and approve the Appraisal and Environmental Report for each loan request.

  4. Step 5 (Closing & Funding)

    You will be introduced to a Loan Closing Officer to help close and fund the loan. The Loan Closing Officer will send a closing letter that describes the final documentation required for funding. The bank can close on the real estate through the permanent and interim loan once we have received approvals for the loan request, appraisal and environmental.

  5. Step 6

    Once the closing loan officer receives the documentation required for funding, the loan will fund within 6-8 weeks of closing. At this time, the interest rate is set for the 504 loan. Note that if there are construction or renovations related to the project, the SBA loan cannot close until after this work is completed and the borrowers have a Certificate of Occupancy.

  6. Step 7

    If applicable, B:Side Capital will pay down the interim financing from the lender once funded, leaving the borrower with two loans, one from the bank and one from SBA. (Note: The lender sets the interest rate on their portion of the loan.)

  7. Step 8

    B:Side Capital’s Servicing Team contacts the borrower at funding to provide them with the interest rate and amortization schedule. Our Servicing Team works with the borrower for the life of the loan. They can be contacted at servicing@bside.org at any time with questions.

 

SBA 7(a) Loan Process

  1. Step 2

    Once we have gathered all of the necessary documentation, we will submit the loan application and all required documents to SBA.

  2. Step 3 (Approval)

    SBA receives and reviews the completed application and issues authorization if approved.

  3. Step 4

    We prepare a document toolkit to help with the loan closing.

  4. Step 5 (Closing & Funding)

    At this point in the process, you are responsible for closing and funding the loan.

  5. Step 6

    If applicable, B:Side Capital is available to process any needed loan modifications and servicing actions.

First time partnering with us as your Lender Service Provider? 

  • Contact us to sign the Loan Services and Indemnification agreements.

  • Once approved by SBA we can start assisting you with 7(a) projects.

  • You’ll only need to complete this process once in order to partner with us as your trusted back-office 7(a) loan processor.