SBA Lender Service Provider Financely Group

Financely
5 min readApr 3, 2024
Photo by Robert Bye on Unsplash

As an SBA Lender Service Provider, Financely Group focuses on helping financial institutions effectively serve small businesses through comprehensive SBA lending programs.

Their expertise in 504 and 7(a) loan programs enables lenders to expand their service offerings, enhance profitability, and support the growth of small businesses in their communities.

By partnering with Financely Group, financial institutions can successfully navigate the complexities of SBA lending and deliver tailored loan solutions to their small business clients.

Financely Group’s core services encompass the entire SBA lending process, from application and underwriting to closing, servicing, and compliance.

Their team of experienced professionals works closely with lenders to provide the necessary guidance, resources, and support to ensure the success of each SBA loan transaction.

Additionally, Financely Group leverages industry-leading technology and systems to streamline SBA lending operations, mitigate risk, and improve efficiency for their partner institutions.

Key Takeaways

  • Financely Group supports financial institutions in navigating SBA lending and offering tailored loan solutions to small businesses.
  • Their comprehensive services cover the entire SBA lending process, ensuring lenders’ success and compliance in each transaction.
  • The partnership with Financely Group allows lenders to build strong, profitable, and compliant SBA loan portfolios that drive small business growth.

Core Services of Financely Group

Loan Origination and Processing

At Financely Group, we understand the importance of efficiency in loan origination and processing.

Our expert team prioritizes providing thorough guidance to both lenders and borrowers throughout the application process.

We assist with documentation, ensuring that all necessary information is accurate, complete, and compliant with SBA loans, such as the 7(a) and 504 loan programs, as well as USDA loans.

Our efficient processing reduces the time to approval and helps to enhance our client’s loan experience.

Underwriting and Compliance

Our in-depth expertise in underwriting and compliance allows us to effectively manage risk, ensuring that each loan adheres to both the lender’s underwriting policies and SBA’s regulatory guidelines.

We are dedicated to identifying and mitigating risks while maintaining regulatory compliance.

Our underwriting services include:

  • Comprehensive credit analysis
  • Loan structuring
  • Collateral evaluation
  • Financial statement analysis
  • Eligibility assessment

By working alongside our clients, we support them in optimizing their loan portfolio and maintaining SBA compliance.

Funding and Servicing

Financely Group offers a full suite of funding and servicing solutions, enabling businesses to access debt and equity funding.

Our commitment to excellence spans servicing SBA 7(a) and CDC/504 loans, ensuring timely loan disbursements and post-closing monitoring.

We prioritize transparent communication and responsive support to provide tailored solutions for our clients’ diverse needs.

Some key components of our funding and servicing solutions include:

  • Debt and equity funding
  • Letters of credit
  • Proof of funds
  • Capital raising support
  • Loan servicing and monitoring
  • Regular portfolio reporting

Through these comprehensive services, we stand as a trusted partner for our clients, supporting them in their pursuit of growth and success.

Enhancing Lender Capabilities

Technology and Efficiency

At Financely Group, we understand the importance of leveraging technology to streamline operations and improve efficiency.

Our product offerings are specifically designed for financial institutions such as banks and credit unions, allowing them to better serve small businesses with their lending needs.

We believe that implementing advanced tools can help lenders automate data processing and reporting, ultimately reducing errors and delays in the lending process.

Our innovative solutions enable SBA lenders and USDA lending partners to focus on their core business objectives, while we take care of the technical aspects.

Training and Support

Our commitment to growth extends beyond just offering technology.

We invest in our clients by providing personalized lender training and ongoing support to ensure they have the expertise needed to excel in their roles.

Our comprehensive training programs cover a range of topics, from understanding SBA and USDA lending guidelines to mastering the use of our in-house lending tools.

Furthermore, we pride ourselves on offering dedicated and accessible support to help our clients address any challenges that may arise.

Our team of experts is always available to offer guidance and share best practices to empower our partners with the knowledge they need to make well-informed decisions.

Strategic Partnerships

At the core of our approach is the belief that strong and strategic partnerships are critical to business growth.

We collaborate with an extensive network of financial institutions, including banks, credit unions, and other lending organizations, to help them effectively navigate the complex world of SBA and USDA lending.

By joining forces with Financely Group, lenders gain access to our wealth of knowledge and resources.

In turn, they can focus on nurturing meaningful relationships with their small business customers, supporting them through their journey to growth and success.

Frequently Asked Questions

How can I find SBA-approved lenders near me?

To find an SBA-approved lender near you, you can use the SBA Lender Match tool. This online resource will connect you with lenders in your region who participate in SBA loan programs.

Who are currently the largest providers of SBA loans?

While the largest providers of SBA loans may vary over time, some notable big players in this space include Wells Fargo, U.S. Bank, JP Morgan Chase, and Live Oak Banking Company.

You can find up-to-date information on SBA loan providers by visiting the SBA website.

What are the characteristics of a Preferred SBA Lender?

Preferred SBA lenders are financial institutions with a proven track record of successfully participating in SBA loan programs.

These lenders have demonstrated expertise, making the loan application process faster and smoother for borrowers.

Some key characteristics of a Preferred SBA Lender include high loan approval rates, quick turnaround times, and dedicated SBA loan specialists on their team.

What are the advantages of working with a Lender Service Provider for SBA loans?

Working with a Lender Service Provider, like Financely Group, for SBA loans can give you access to specialized knowledge and resources tailored to the unique requirements of these government-backed loans.

They can also provide guidance during the application process, help you understand eligibility requirements, and assist in securing the best possible loan terms for your small business.

Are non-bank institutions able to provide SBA loans?

Yes, non-bank institutions are able to provide SBA loans. Many Community Development Financial Institutions (CDFIs), Certified Development Companies (CDCs), and other non-bank lenders participate in SBA loan programs, offering flexible financing solutions to small businesses in various sectors.

What factors typically make an SBA loan application more likely to be approved?

Several factors contribute to a successful SBA loan application. These include a strong credit history, a viable business plan, and a proven ability to generate enough cash flow to service the debt. Additionally, having sufficient collateral to secure the loan can also help.

Meeting all eligibility requirements and presenting a clear and accurate loan proposal can further increase the chance of approval.

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Financely

We're a corporate finance advisory firm that helps clients tap into global capital markets in order to raise funding. Visit financely-group.com.