Faster Access to SBA Financing for Your Business

VeraBank recently announced that it has earned designation as an SBA Preferred Lender, a significant achievement that enhances our ability to serve small businesses throughout the communities we call home. This recognition from the U.S. Small Business Administration (SBA) is awarded to a select group of lenders with demonstrated expertise and a strong track record in SBA lending.

What Does SBA Preferred Lender Status Mean?
As an SBA Preferred Lender, VeraBank has been granted delegated authority by the SBA to approve, process, and service SBA-guaranteed loans. This designation allows our experienced lending team to make many credit decisions in-house, helping reduce processing times and create a more efficient path from application to funding.

For business owners, that means access to financing may be faster and more streamlined, allowing them to move forward with growth opportunities, equipment purchases, working capital needs, real estate investments, and other strategic initiatives with greater confidence.

Faster Decisions, Same Trusted Standards
While Preferred Lender status allows for greater efficiency, it does not change VeraBank's commitment to responsible lending. Every SBA loan application continues to undergo a thorough credit evaluation and must meet SBA program requirements. VeraBank maintains comprehensive documentation and remains subject to SBA oversight and review, ensuring both accountability and sound lending practices.

Supporting Local Business Success
"Small businesses are an essential part of the communities we serve, and timely access to financing plays a vital role in their growth and success," said Brad Tidwell, VeraBank CEO. The SBA Preferred Lender designation reinforces VeraBank's longstanding commitment to supporting local entrepreneurs and business owners by providing the financial resources they need to achieve their goals.

As Glenn Lauter, EVP and SBA Department Manager, noted, this authority enables VeraBank to move more quickly while maintaining the high standards customers expect and the SBA requires.

How VeraBank Can Help
Whether you're looking to expand operations, purchase equipment, acquire commercial real estate, or improve cash flow, SBA-guaranteed financing may be a valuable solution for your business. With our new Preferred Lender status, VeraBank is positioned to provide an even more efficient lending experience while continuing to deliver the personalized service and local decision-making our customers value.

To learn more about SBA lending opportunities, contact a member of our Commercial Banking team. We're here to help your business grow, succeed, and move forward with confidence.