Proprietary Products: SBA 7(a) Lending Tools

SBA Proprietary Products Introduction

The Preston Group, LLC’s proprietary products were derived from observing lender’s struggles during years of SBA loan review. Products were reverse engineered to assist the lender with accomplishing the stated goal of originating and closing a loan by garnering a SBA guaranty and further servicing loans to retain the SBA guaranty.

These proprietary products were designed to streamline the specialized aspects of SBA lending into a manageable process. Let us assist you with developing these necessary tools today!

SBA Process & Procedures Manual

Lenders must follow the Code of Federal Regulations (CFR) and the SBA Standard Operating Procedures (SOPs) to comply with SBA mandates.

The SBA Process & Procedures Manual provides lenders with the structural basis upon which to complete SBA requirements in a methodical, process driven, and compliant basis.

A foundation and informational training tool for a compliant SBA lending function!

SBA Checklists

SBA Checklists consist of:

  • BDO Checklist
  • Processing Checklist
  • Closing Checklist
  • Pre/Post Closing Checklist
  • Servicing Checklist

The Checklists are document driven to ensure all SBA required processes are followed when originating, closing, and servicing loans. The Checklists can be reconfigured to conform to your actual SBA loan processes.

Checklists are a MUST in SBA lending!

SBA Credit Approval Memorandum

The SBA Credit Approval Memorandum (CAM) is a specialized document created from years of loan review.

The CAM is a comprehensive document evaluating all elements of SBA lending in a concise and manageable format while utilizing your credit standards. Narrative analysis contained within the document supports the lenders spreads already utilized in the conventional lending process.

The CAM focuses and streamlines the efforts of personnel thereby creating efficiencies, is used for internal loan approval, and allows for the utilization of Board approved Delegations of Authority.

Why struggle with SBA lending when you can utilize this amazing tool!

SBA Organizational Charts

Good foundational documents supporting an effective SBA lending process begin with robust Organizational Charts.

These multi-tiered organizational charts illustrate not only the department and its standing within the financial institution, but also provide the internal controls identified within SBA lending processes.

Build the needed confidence with SBA and your regulators through the use of these Organizational Charts!

SBA Strategic Plan

A SBA Strategic Plan must create a framework for short term and loan term goals while identifying and mitigating risk throughout the lending process.

Operating strategies are outlined and discussed within the document to identify, inform, evaluate, and measure personnel and process success against benchmarks.

An essential document for SBA lending!

SBA Borrower Injection Reconciliation

Reconciling Borrower Injection is absolutely necessary to ensure the borrower has provided the required funds into the project prior to any loan proceeds being disbursed.

The SBA Borrower Injection Reconciliation provides the synopsis of actions taken supported by documentation identifying and sourcing the funds injected.

The SBA Borrower Injection Reconciliation Tool assists with protecting the guaranty by reducing the possibility of a repair!

SBA Use of Proceeds Reconciliation

Reconciling the Use of Proceeds is mandatory to ensure the appropriate movement of money occurs in concert with the approved SBA Loan Authorization.

Changes in monetary amounts expended within categories attributed to loan proceeds may require SBA Loan Authorization Change Actions.

Final reconciliation post loan funding must be accompanied by applicable and supporting loan documentation.

 

The SBA Use of Proceeds Reconciliation is an essential tool utilized to garner and protect the guaranty!

“You Perform, We Perfect”®

Links: SBA | HAGGL | CTAGGL | NAGGL | NADCO | USDA | WBENC | WBEA

The Preston Group, LLC is certified as a 100% woman owned small business.