The American Recovery and Reinvestment Act gives you new incentives to make more Small Business Administration (SBA) loans. You now have greater access to more funds and higher guarantees, reducing your risk and making it more profitable to lend to small businesses.
To restore your confidence and increase liquidity in the secondary market, the U.S. Department of the Treasury and SBA have committed to:
- Purchase up to $15 billion in securities backed by SBA loans.
- Raise guarantees up to 90 percent for each eligible loan. Lenders in the 7(a) program receive greater protection and more liquidity to keep lending.
- Eliminate loan fees reduce the cost of capital. Borrower and lender fees for 504 loans and upfront fees for 7(a) loans are temporarily eliminated, and fees paid since February 17 will be refunded.
Start your SBA program
You’ll need the right tools and support to confidently lend to millions of small business owners looking for loans. Reach more borrowers and lower processing costs with TSoft SBA FormMaster+ software.
- Quickly give borrowers what they need—TSoft features over 75 SBA loan documents every lending need. Easily submit loan applications electronically and receive an immediate response from the SBA.
- Increase profitability through productivity—TSoft reduces the time it takes to create loan documentation by up to 75 percent. The Loan Authorization Wizard eliminates repetitive entry and calculations, saving time and reducing errors.
- Reduce risk and improve effectiveness—We update TSoft with compliant documentation as SBA regulations and forms change.
Automate the loan process, improve efficiency, and reduce labor costs with TSoft SBA FormMaster+. Complete this form to download our white paper and learn how to take advantage of the new SBA lending opportunities.
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