Your partner for painless SBA lending
Lyra Lender Services makes it easy and safe for banks to make Small Business Administration-backed loans. We have decades of SBA expertise and function as an extension of your team, enabling you to access a valuable new revenue stream without needing to master the SBA’s quirks.
Expand Customer Reach
Say ‘Yes’ to loyal customers as they launch businesses.
Boost Loan Volume
Support small businesses with challenging credit profiles.
Increase Fee Income
Generate revenue by selling SBA-backed loans on the secondary market.
How much business are you leaving on the table?
It’s easy for banks to get intimidated by the SBA’s complex approval process, or scared off by the prospect that the SBA won’t honor its guarantee on loans that aren’t written to its exacting specs.
Those are real concerns—but they’re not reasons to walk away. What you need is a trusted partner that knows the ins and outs of the SBA’s process, removing the logistical complexity and ensuring compliance with SBA requirements.
That’s Lyra.
Say goodbye to the SBA maze, and hello to confidence and flexibility in your new core lending category
When you partner with Lyra, you work alongside a team of SBA lending experts who understand the government’s process and requirements, just as we also understand your bank’s process and needs. We’ll help build your SBA business by working alongside your lending team, and giving you flexibility as you increase your SBA loan volume and in-house capability.
15-year track record of excellence
Our expert team has many decades of SBA lending expertise
Lyra speaks your bank’s language—and the SBA’s, too
We can handle SBA loans end-to-end, or wherever your team needs us
Woman-owned and operated
Say “Yes” to smooth, confident SBA lending.
How Lyra Lender Services will set you up for sustained SBA success:
Assess
Let’s discuss your capabilities, challenges and SBA goals, including your standards for loan pricing and your internal processes. We’ll figure out how Lyra can work alongside your team to enable painless, de-risked SBA lending.
Assist
We’ll get to work, facilitating every aspect of SBA lending including eligibility, underwriting and compliance, so you can build your loan volume and in-house expertise at your preferred pace.
Accelerate
We remove the friction and speed up the process, enabling our partner banks to get funds to their small-business clients while growing their loan volume.
Let Lyra handle the challenging aspects of SBA lending:
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including review of term sheet, commitment letter and credit memo, and preparation of SBA and IRS forms.
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including analyses of creditworthiness, collateral and industry evaluation.
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including review of tax and SBA documents, preparation of draft authorization, E-Tran data entry and submission, screenout, and SBA environmental concurrence.
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including SBA authorization review with lender and closer; equity injection verification; disbursement review and assistance; 327 actions, and E-Tran document submission.
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including preliminary bid indication, bid solicitation, preparation of loan sale package for execution, and Gain On Sale spreadsheet
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including review of the liquidation/workout plan; “10 Tab” Guaranty purchase package; litigation plans and offers in compromise; expense reimbursement and wrap-up resorts; and semi-annual status reports.
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including post-closing file review and organization in “10 Tab” format; 1502 assistance; and SBA change requests and servicing actions such as deferments, changes in terms and releases of collateral.
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so that your institution is able to build as much in-house SBA capability as you like.
Make the call to expand your bank’s reach and revenue
There’s no good reason to turn down additional loan volume and fee income, or to turn away loyal retail customers who come to you for support during a thrilling, defining moment when they decide to launch or expand a small business.
With Lyra, you can benefit from deepening customer relationships and a new revenue stream, without taking on unnecessary risk or bogging down your lending team.
Lyra Lender Services enabled our bank to…
Say “Yes” to more SBA lending, without the risks or headaches
With Lyra as your trusted, expert partner, you’re positioned to grow your loan volume, increase your fee income and better serve your customers, without the risks or headaches that go along with trying to navigate the SBA lending process on your own.