Is it hard to apply for a SBA loan?

Although applying for SBA loans is relatively easy, getting approved is where many businesses run into problems. Without a carefully prepared application, you can get rejected and lose out on low-cost, government-backed financing. Businesses that use a SBA loan application consulting service have the highest chances of being approved.

How long does it take to get approval on an SBA loan?

The SBA loan approval process can take between 30-90 days, depending on the type of loan. Microloans of $50,000 or less can be acquired more quickly, but may have more complicated requirements. A SBA consultant will be able to give you estimated timelines for approval and funding based on the loan you are applying for.

Are SBA loans forgivable?

Some SBA loans can be forgiven, but not all. For example, the Payroll Protection Program (PPP) offered as part of the COVID-19 pandemic relief funding is forgivable, meaning it does not need to be repaid as long as you comply with the terms for forgiveness, such as maintaining employee pay levels and funds being used for payroll. On the other hand, the SBA Economic Injury Disaster Loan (EIDL) is not forgivable, except in special circumstances like your business shutting down and dissolving. The terms of each SBA loan program will determine if and when it can be forgiven.

FOR LENDERS

Our Lending Clients & the Institutions We Serve

At LendServPro, we partner with a wide range of lending institutions nationwide. While our roots are in SBA lending, our firm also supports lenders with a broad portfolio of commercial, state-guaranteed, and federal-guaranteed loan programs. Our goal is to help institutions manage risk, improve operational efficiency, and deliver compliant, high-quality credit products to their customers.

We work with community and regional banks, midsize lenders, SBDCs, and CDFIs, tailoring our services to the unique goals, credit cultures, and portfolios of each institution.

A Small Business Owner Having a Virtual Consult With Our SBA Experts

Lending Institutions We Serve

Community Banks

Community lenders depend on relationship banking and responsive turnaround times. We assist by supporting SBA, commercial, and state-guaranteed loan operations through:

Eligibility review and packaging
Ongoing servicing and reporting
Liquidation and guaranty recovery for SBA and state programs

Regional & Midsize Banks

For institutions with multi-market footprints, we help standardize workflows and maintain consistency across departments through:

Loan underwriting support
USDA and state-guaranteed program eligibility reviews
Portfolio-wide process standardization
SOP and regulatory compliance monitoring

Small Business Development Centers (SBDCs)

We supplement SBDC advisory functions by:

Preparing lender-ready commercial and SBA loan packages
Screening borrower eligibility
Coordinating lender introductions

Community Development Financial Institutions (CDFIs)

CDFIs often work with higher-risk borrowers and mission-based programs. We assist them with:

Commercial and SBA loan origination
Liquidation of collateral
Recovery of loan guarantees (including SBA and CalCAP)

Loan Programs & Products We Support

SBA Loan Products & Services

We provide full lifecycle support for:

SBA 7(a) Loans – Underwriting, eligibility, packaging, servicing, liquidation & guaranty purchase requests
SBA 504 Loans – Coordination with CDCs, eligibility validation, closing alignment
SBA specialty programs – Community Advantage, Microloans, and mission-based initiatives
SBA servicing and liquidation of special assets – Collateral analysis, offers-in-compromise, charge-offs, reconsideration of repairs and denials

Non-SBA Loan Products
Commercial Loans (Conventional Business Lending)

We support lenders with conventional commercial loan operations through:

Cash flow & credit analysis
Special assets & workout assistance
Annual Loan Reviews

Our commercial lending support integrates seamlessly with SBA workflows, making us a strong partner for lenders with hybrid portfolio needs.

Federal Guarantee Programs
USDA Business & Industry (B&I) Loans

Many community and regional lenders incorporate USDA programs to serve rural markets. We support lenders by providing:

Eligibility & Loan Type Review
Underwriting & Packaging
Servicing & Reporting
Liquidation & Guarantee Recovery

State-Guaranteed Programs
CalCap (California Capital Access Program)

We help lenders optimize their participation in CalCAP through:

Loan eligibility review & borrower certification
Guidance on claim submissions and guarantee recovery
Liquidation support when collateral is involved

Our familiarity with CalCAP allows lenders to confidently expand access to capital for California small businesses while managing program-specific requirements.

A Banking Executive Meeting With an SBA Consultant

Why Lenders Trust LendServPro

Expertise across SBA, commercial, USDA, and state-guaranteed programs
Internal staff only — no subcontractors or third-party processors
Proven track record meeting complex lender requirements
Nationwide support across 11 states and 27 lending institutions
Strong history of successful collections and guaranty recoveries, including SBA and state programs