Windsor Advantage, LLC

NOW AVAILABLE: Our 7(a) Working Capital Pilot (WCP) program training on *transaction-based WCP loans* is now available for you to watch, along with a downloadable slide deck, on SBA's Training On Demand page. Thanks to our friends and colleagues in SBA Office of International Trade for putting it on. https://lnkd.in/eavG_GRi

Out Now: The official rule on the new 7(a) Working Capital Pilot Program. ? “SBA is introducing a new pilot loan program within the 7(a) Loan Program called “7(a) Working Capital Pilot” (WCP) to provide SBA 7(a) guaranteed lines of credit up to $5 million that may be used to support domestic and international transactions with SBA fees due from the Lender that operate as a function of time, charging a proportional amount for each year the facility is in use.” ? The WCP Program will be effective on August 1, 2024, and will remain in effect through July 31, 2027. Read the full document at https://lnkd.in/eg7uMVsJ

Big news from the U.S. Small Business Administration: SBA is launching a NEW small business line of credit, the Working Capital Pilot Program. The WCP offers a newly structured line of credit,?made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan. The Transaction-Based WCP will allow small businesses to fund individual projects or orders, enabling access to working capital earlier in the sales cycle. Specifics around the program including underwriting policies will be released in the future. Our team will distribute updates on the program to subscribers via the Windsor Advantage Newsletter. (Subscribe here: https://lnkd.in/ef3k82cT ) Read the full announcement from SBA: https://lnkd.in/efkw6MN7 #sba #workingcapitalpilot #sbalending

This month, Windsor Advantage's Indianapolis Office kicked off their Inaugural “Windsor Day of Giving”. The team volunteered their time at the The Salvation Army of Central Indiana's Women and Children’s Shelter in Downtown Indianapolis, mulching the playground and?surrounding areas of the Block of Hope. The Salvation Army Block of Hope provides shelter to those in need in Indianapolis and surrounding areas.?It was a great day to give back to the community! A big shout out to our participating team members, including: Ashley Young, Nick Lukes, Matt Heinekamp, MBA, Jim Maratea, Todd Davis, Paul Zhen, Crystal Thompson, and Tony Gurtowski. #ourvalues #ourpeople #givingback

NEW from today's Windsor Advantage Newsletter: The 2023 SBA Secondary Market Recap. By Matthew Saslawsky, Windsor Advantage GGL Sales Associate, with insight from FHN Financial. This report includes... ?? Key Themes of SBA Secondary Market Performance in 2023 ?? Factors Shaping the Outlook in 2024 ?? The Ripple Effect of Recent?SOP Changes?That Lenders Should Watch. Read the full SBA Secondary Market Recap at https://lnkd.in/di88VNcE

The Windsor Advantage Newsletter: by the experts, for the leaders in SBA lending. Our monthly publication curates essential updates from our team and the SBA, keeping your department at the forefront of what's happening in the world of government-guaranteed lending. Subscribe to the newsletter and access prior editions at https://lnkd.in/gZGvYgQP #sbaloans #sba7a #sbaupdates

Have you documented your internal equity injection requirements for 2024? ? As we all know the SBA SOP changes last year created new responsibilities for lenders under the "Do What You Do" concept, which now also extends to equity injection verification. ? Our latest article provides best practices for developing an internal equity injection policy for SBA lending in 2024. Walk through the minimum recommended steps Windsor performs for each client, plus a 6 step questionnaire lenders may complete to create a sample internal equity injection policy if equity injection documentation is not explicitly included in your current credit policy.? ? Read Now at: https://lnkd.in/ek_ZMHeJ #sba7a #sbaloans #sbalending

Today, we officially launched BankLink, powered by Windsor Advantage, LLC. We’re proud to introduce this new, free tool for business owners seeking SBA-backed capital. Our team streamlines the process of finding an SBA lender, using one application to assess your eligibility for 150+ commercial lenders. BankLink then identifies your ideal financing match based on credit, industry, project type, and regional preferences. Our goal is to set a new standard in the SBA space for applicant convenience and service. We’re powered from start to finish by Windsor Advantage’s SBA loan experts, personalizing the business financing experience with expert-driven customer service. Ready to get started? Kickstart your business financing at windsorbanklink.com Full press release: https://lnkd.in/ep44V69N #growthcapital #smb #entrepreneurship

SBA Issues Notice on New Form 1919 and Other Guidance re SBA Loan Forms ____ U.S. Small Business Administration issued?Information Notice 5000-852422?(effective December 26, 2023),?Renewals and Updates of SBA Forms 1919, 1971, 2237; Introduction of New SBA Form 3518; and Elimination of SBA Forms 1920 and 2449.??The notice announces “the renewals and updates to various forms affecting the 7(a) and 504 Loan Programs”, including: Revision and renewal of?SBA Form 1919, SBA 7(a)?Borrower Information Form Revision and renewal of?SBA Form 2237,?7(a) Post-Approval Action Checklist?[note: SBA has indicated that use of the form is not mandatory since all information is now included in E-Tran servicing] Renewal of?SBA Form 1971,?Religious Eligibility Worksheet Elimination of SBA Form 1920,?Lender’s Application for Loan Guaranty Elimination of?SBA Form 2449,?Community Advantage Addendum (7(a) Pilot Program), and replacement of that form with new?SBA Form 3518,?Community Advantage Addendum – 7(a) CA SBLC. While lenders may begin using the revised forms immediately, SBA is allowing a 30-day grace period before requiring their use. Please see the notice for a complete summary of the changes to SBA Form 1919 and other relevant information.?

Whether you need bandwidth or a brand-new SBA department, our services are all tailored with the same end goal: to help you maximize your SBA lending potential. ? We often work with lenders as a combination of the following: ? A Full-Service Partner ? Operational Support by Service ? SBA R&D Branch The best LSP relationship strategically empowers your team to reach its full potential as an SBA lender. ? We're currently onboarding new partners at every stage for 2024. ? Contact us at the link below to learn more about what a partnership with Windsor could look like for your institution: https://lnkd.in/eXHPvebY #sba7a #sbaloan #sbaunderwriting