A National Professional Service Contractor to the SBA 504 Loan Program
Services for CDCs
Processing
When you partner with TEND Capital we will help you reduce your time to approval and increase your first pass rate. By engaging us, you’ll receive underwriting and processing support to move deals along in your pipeline and circumvent bottlenecks. We engage with your borrowers directly, or work with your team to ensure complete files and thorough eligibility and credit analysis. By using Ventures+ to create the SLPC loan file and credit memo, we provide our CDC partners with seamless transfer of the completed loan file. TEND Capital is also there to support the process of ETRAN submission by your team, and will remain available for any follow-up with SLPC.
Packaging
The initial intake of a loan request is a critical time for managing borrower and lender expectations. TEND Capital works with your borrower and lender to structure the sources and uses, identify any eligibility concerns upfront, and review the process to approval. We stay current with policy updates and SLPC interpretations to avoid wasted time that can kill a deal and referral relationships.
Documentation is vital for securing SBA approval and positioning yourself for successful auditing. TEND Capital gathers and organizes the 504 loan application folder for your CDC, transferring that folder once complete in SBA’s required format to your team.
Marketing
If your CDC is expanding into a new market, or just wanting to grow its current market portfolio, TEND Capital has pre-vetted deals needing to be placed with the right CDC. Whether it is through our established referral network, or growing that network in your market, we help with sourcing the right deals for the portfolio growth you wish to see.
Services for Lenders
Securing SBA 504 Approval
You and your borrower have identified the SBA 504 loan program as a possible fit for the financing of owner-occupied Commercial Real Estate and/or equipment. As a lender, you want to feel confident proceeding with SBA financing for your borrower. The perception of long processing times and uncertainty around SBA approvals can create doubts for a borrower. With one consultation, TEND Capital will assess initial eligibility and provide a roadmap for you and your borrower. If the loan request fits the 504 program, we will work with our CDC partners to best place the request, while expediting the process by getting the loan structuring and underwriting underway.
TEND Capital saves you and your borrower weeks on getting to the SBA approval stage. We are paid by our CDC partners on the deals we place with them, never charging the lender or the borrower any additional fees.
Training Lenders and Their Teams
Whether you’re a lender who has never processed a 504 loan request, or it’s been a while since you’ve done a 504 deal, TEND Capital can provide lenders and their teams with training and program updates. The 504 program permits lenders to take advantage of a SBA guarantee program, without having to be an expert in SBA lending. We work with our CDC partners to take care of the SBA side of the transaction, leaving the lender with a 50% LTV commercial loan.
TEND Capital is your expert on call. We act as your reference when identifying possible 504 loan requests. The SBA 504 loan program is one of the most competitive offerings for owner-occupied CRE and equipment financing. We want to make sure you and your teams feel confident in offering this product to your small business borrowers.
SBA 504 loan approvals grew 88% from fiscal year 2019 to 2022. As demand for the program grows, so must our industry’s capacity to deploy these favorable loans.
Lenders and borrowers need timely SBA loan approvals and Community Development Corporations (CDCs) need capacity support to maintain service quality and meet current demand.
TEND Capital helps lenders and CDCs obtain SBA approval within the borrower’s timeframe.
Get in Touch
For lenders wanting to start or grow their 504 loan portfolio or CDCs wishing to increase their current capacity, TEND Capital is here to assist.