SBA Lenders

By some estimates, between 10% and 50% of all SBA-financed business acquisitions proceed without a business broker representing either the buyer or the seller. In these situations, the responsibility for managing the transaction often falls to the SBA lender’s Business Development Officer (BDO)—a role they are neither trained nor intended to perform. BDOs are focused on originating and closing loans, not coordinating buyers and sellers, or managing complex transaction dynamics and personalities.

This misalignment frequently results in frustration for BDOs, significant time inefficiencies, lost transactions, and, most importantly, reputational risk for the lender.

an group of sba lenders discussing loi to close

LOI to Close™ for SBA lenders was designed specifically to address this challenge when neither party has professional representation. The SBA lender encourages the buyer and seller to hire an experienced LOI to Close™ advisor to manage the transaction, improve speed to close, and create better outcomes for the lender, buyer, and seller alike.