Become a Lending Partner
A Declined Loan Doesn't Have to be the Final Answer for Your Client!
The Truth is That Banks Care About Their Clients!
Sometimes the client just doesn’t qualify for a conventional loan. When an applicant is declined, oftentimes your client will permanently sever all relationships with you and bank elsewhere. The business owner may even pursue a predatory loan making the situation even worse. Retaining your client is essential.
There’s A Better Way!
Partner with a regional network of economic development agencies and community partners to offer business loan solutions for clients you cannot help. You may already know and trust your county’s economic development agency. When you refer an applicant who does not qualify for a conventional loan, you are providing quality customer service that will save your client time and frustration.
Benefits of Collaborating
The Partner Lending Referral Network will bridge the gap in many ways.
The Partner Lending Referral Network provides access to capital for small business owners, particularly from under-served segments. Maybe we can help.
Benefits to the Lender
Retain your client by offering another lending option and building trust
Other community partners will strengthen the business finance and management skills of your client
Develop a bankable client to maintain a strong lasting relationship
Receive a CRA letter for credit on your next audit
Receive incentives if you wish
Benefits to the Client
Refer your client to a trusted partner
The client will appreciate your help in finding another solution
Saves your client frustration, money and time from having to shop around
Help your client avoid predatory lenders that makes the situation worse
Increase the likelihood of business success
Refer a talented business owner that has the potential to succeed to a partner you can trust.
The Process is Simple!
Make a Difference
The CRA encourages lenders to promote the availability of credit to low-and moderate-income communities and underserved segments. Join a strong collaboration of lenders who are investing in community and economic development.
For CRA evaluations, your bank will receive a letter of collaboration for your public file records.
You decide how your institution will participate. Many lenders are serving their communities in the following ways:
- Serving on a regional Advisory Committee
- Coaching and leading seminars
- Donation to the Partner Lending Referral Network
Pledge your CRA Activity Today!
Lending Partner Application
Complete this quick application to register if you are a banker. You will receive a registration confirmation via email. We will be back in touch with your partner details.