SBA Lafayette Receives Preferred Lender Program Designation from U.S. Small Business Administration
Lafayette Square SBLC, LLC (doing business as SBA Lafayette) has been officially named a Preferred Lender (PLP) by the U.S. Small Business Administration. This designation grants the company delegated authority to make independent credit decisions regarding SBA 7(a) loans, which is expected to significantly expedite the funding approval process for small business borrowers. The move strengthens SBA Lafayette's position as one of only 14 active Small Business Lending Companies (SBLC) licensed to originate these loans. The company, an independent portfolio company of Lafayette Square USA, Inc., aims to leverage this authority to provide faster capital access to working-class businesses and manufacturers across the United States.
Topics: 7(a) loans SBA Preferred Lender Program Small Business Lending