Demystifying the CRA Credits and the SBA 504 Loan Program
If you’re navigating the world of small business lending and Community Reinvestment Act (CRA) credits, the recently issued Final Rule effective April 1, 2023 has some exciting changes for you. The Basics: SBA 504 Loan Program and CRA Credit The Final Rule amended the Federal Reserve, FDIC and OCC regulations, creating more CRA options. In […]
Happy New Year from our CEO!
Dear B:Side Capital Community, As we bid farewell to 2023 and welcome the new year, I stand in awe of the remarkable journey we have embarked upon together. Reflecting on the past year, my heart is full of gratitude for each of our Board Members, Loan Review Committee Members, and particularly our exceptional staff, whose […]
SBA Community Advantage: Loans for Underserved Small Businesses
The Small Business Administration (SBA) offers various loan programs to provide financial assistance to businesses that face challenges in accessing traditional financing. In order to specifically target underserved communities, the SBA created the Community Advantage (CA) Pilot Loan Program in 2011 to close the credit gap and increase access to smaller-dollar loans to early stage, […]
What Exactly Is a Lender Service Provider?
A Lender Service Provider (LSP) refers to the role of helping a bank originate SBA 7(a) loans and get them approved for funding, properly serviced and liquidated as needed. This process involves several steps, including gathering information from the borrower, evaluating their creditworthiness, and assessing the risk associated with the loan, and most importantly in […]
Brace for Impact: Guidance for Bankers on Navigating an SBA Shutdown
In the world of financial unpredictability, the looming shadow of another potential government shutdown paints a dire picture for small business lending. While Congress wrestles with federal budget negotiations, at B:Side Capital, we recognize the immense responsibility on the shoulders of small business bankers who use the SBA loan programs to ensure the economic well-being […]
SBA 504 Fee Relief Extended to Dec. 31st
We’re excited to announce that we are extending our exclusive Fee Relief Program. Borrowers save $2,500 on all SBA 504 loans submitted to SBA until the end of the year. Details $2,500 in savings for businesses located in Colorado, Utah, Arizona, & New Mexico Runs until December 31st Nothing additional needed to apply Benefits B:Side […]
Beat the Heat with Summer Fee Relief
We’re excited to roll out our Summer Fee Relief Program that will benefit both borrowers and lenders. This fee is typically rolled into the total loan amount and will allow for your borrowers to save $2,500. All 504 loans submitted to SBA between June 1st through August 31st will qualify for this promotion. Details $2,500 […]
Advocating on Behalf of Small Businesses
We often hear the refrain, “small businesses are the backbone of the American economy.” As an active Certified Development Company (CDC) in Colorado, Utah, Arizona, and New Mexico, we are on the front lines and can attest to the reality of this statement. Because of the work we do, the CDC industry has long been […]
Best Practices to Close SBA 504 Loans Faster (Part 3)
Part 3 of 3 Part Blog Series Satisfy your customers and avoid closing delays with these top tips to expedite closing! Welcome back to our series on tips to avoid common closing delays! Here is the final set of tips to avoid some of the challenges that can arise in the closing process. 1. TITLE […]
B:Side Capital Expands SBA Lending to New Mexico
FOR IMMEDIATE RELEASEContact: Lauren KloockMarketing & Communications Directorlkloock@bside.org | 303.657.0010 DENVER, CO—B:Side Capital, formerly known as Colorado Lending Source, was recently given Small Business Administration (SBA) approval for a multi-state expansion into the state of New Mexico. For over 30 years, B:Side Capital has been a trusted SBA lending partner as a Certified Development Company […]