To provide your bank with a "turn-key" SBA Department that is both sustainable and profitable while providing outstanding service to bank customers, branch personnel and referral network.
Nationwide Capital was founded in 1993 by Paul J. Messina. Since its inception in 1993 Nationwide Capital has been the "SBA Loan Department" for several banks. This has allowed the banks to have a SBA Department without the costs associated with a full time experienced SBA staff. The estimated cost for an experienced SBA staff is approximately $400,000 plus benefits. Nationwide Capital provides a "turn-key" SBA Program and Department managing all aspects of SBA lending with an experienced staff thus ensuring all SBA regulations are adhered to as per the SBA SOP. The bank will be responsible for the approval as per their internal lending approval guidelines.
Nationwide Capital is an approved Lender Service Provider (LSP) by the SBA. All prior LSP agreements have been approved by the SBA.
The SBA Departments/Programs were all inclusive from inception of all aspects of SBA lending ranging from Express, 7(a) to 504 lending. This included creating and implementing SBA loan policy and procedures, marketing strategy, business development strategies, processing, underwriting, closing, portfolio management, training of bank personnel, interviewing and hiring of personnel, loan presentation to the respective credit officer/loan committee for approval along with the daily management of the department, program and staff.
SBA Programs can be very profitable when managed properly.
Benefits to Bank
Nationwide Capital has a proven track record with establishing seven banks in the SBA program over the years.
The scope of the work preformed by Nationwide Capital can be all inclusive or partial depending on the bank's needs and objectives.