SBA 7a Lenders in 2023

investor profile

July 20, 2023

by an investor in New York, NY, USA

Who are the lowest cost SBA 7a lenders currently? Who is most likely to have a structure that is flat / 0 bps over WSJ Prime?

It seems like 7a leadership has shifted with prepandemic and mid-pandemic leaders retracting from the current market. Those that were printing loans previously are all but silent.

Is the best bet to pursue regional banks for a regional acquisition? Has anyone gotten a recent grid comparison of the major SBA lenders? Who is active and aggressive?

2
8
136
Replies
8
commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
We are a Commercial Loan Brokerage Shop with over 500 funding partners and over 50 SBA lending partners. The market is still robust. However, if you are looking for a grid one really does not exist. The issue you have is that every lender has a different appetite for different types of loans and different pricing depending on the loan type, risk, borrower experience and Guarantor strength. I could price two similar deals with the same lender and get different pricing based on risk. You could take the same deal to 5 lenders and have three say no and two move forward. It is important to understand what lenders are doing what. If you need assistance we would be happy to help you. You can reach me here or directly at redacted
commentor profile
Reply by a lender
from Florida State University in St. Petersburg, FL, USA
Though not 0 bps over Prime, First Bank of the Lake does offer competitive pricing strategies to differentiate ourselves from fellow top-15 SBA lenders. Feel free to reach out to my email redacted or give me a call at###-###-#### - I would love to assist!
commentor profile
+6 more replies.
Join the discussion