Another national SBA lender has suddenly left the market leaving all of their clients in a tough spot.
It does matter who you work with, especially on SBA loans. I believe there will be further lender consolidation and borrowers will be left scrambling. As a top ten national SBA lender, we are committed to SBA financing and don't have the issues many other SBA lenders are facing. I expect more SBA bank lenders to pull back as well as non-bank SBA lenders who don't have the balance sheet to keep funding.