SBA Loan Information
Community Bank of the Bay is a PLP lender, which is the highest bank designation granted by the SBA and is reserved for top tier bank lenders. The SBA created the program in order to streamline procedures and application processing, providing financial assistance to small businesses. PLP lenders are nominated based on their past record with the SBA, and must have demonstrated a proficiency in originating, processing, and servicing SBA-guaranteed loans.
Some additional resources:
- Is an SBA Loan For Me? (5 Quick Questions and Answers)
- SBA Loan Preferred Lender Brochure
- SBA 7(a) Loan Program Explained
- SBA 504 Loan Program Explained