Our SBA 504 loan process helps lenders expand their small business lending solutions, simply and efficiently.
The first step for both the SBA 504 and 7(a) loan process will be to complete our brief submission form. From there, we will email you a link to our Secure Document Portal with 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.
Your project will be presented to our External Loan Review Committee for approval before sending it to SBA.
Once approved, we will work with you and the borrower to complete the loan file in preparation for SBA submission.
The 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.
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.
Our SBA 7(a) loan process helps lenders expand their small business lending solutions with a streamlined, straightforward approach.
We are always available to answer your questions about a potential project. Call, email, or chat at any time to discuss a potential project. (303.657.0010 | hello@bside.org)
Once we have gathered all of the necessary documentation, we will submit the loan application and all required documents to the SBA.
The SBA receives and reviews the completed application and issues authorization if approved.
We prepare a document toolkit to help with the loan closing.
At this point in the process, you are responsible for closing and funding the loan.
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.
Reach out to us at hello@bside.org or 303.657.0010.