Lender services providers (LSPs) help financial institutions like yours implement and manage U.S. Small Business Administration (SBA) loan programs.
When you work with Pursuit’s LSP, you get access to our team of experts who become your SBA lending department. You’ll work with our team who takes care of everything from loan underwriting through servicing so you have time to focus on growing your client base.
Unlock the benefits of an LSP partnership
Create an additional revenue source
It’s expensive to turn away fundable customers. Saying “no” to a loan request may mean waving goodbye to your customer’s business entirely. Partnering with an LSP to offer SBA loan programs keeps the door open for your small business clients while giving your institution an additional revenue source.
Ensure SBA compliance
The SBA comes with its own set of rules and regulations. Learning these ins- and-outs takes considerable time and resources. Pursuit stays current on all regulations and changes on your behalf, so you can rest assured knowing your loans are in compliance and your guarantees are safe.
Reduce SBA lending startup and maintenance costs
Setting up an in-house SBA department takes time and comes with additional fixed costs. Partnering with an LSP like Pursuit allows you to retain a modest staff and avoid the extra costs and ramp-up period of doing it all on your own. This means you’re able to start making SBA loans immediately.
The wise way to do SBA lending
Work with Pursuit’s LSP and tap into decades of SBA lending expertise and customer service excellence, and keep your SBA guarantee intact as the highest SBA standards are maintained. Plus, you won’t need to fluently speak the SBA’s language as we’ll translate every step of the way.
When you partner with Pursuit’s LSP, you can focus on growing your SBA loan client base and let us do the rest!
