EverBank received Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA), enabling the bank to offer new, expedited financing solutions tailored specifically to the needs of small business clients.
“Achieving Preferred Lender status is an exciting milestone in the growth of our SBA Lending business and our commitment to serving clients with excellence,” Steve Doss, head of SBA and government lending at EverBank, said. “It enables us to get capital into the hands of small business owners faster and more efficiently so they can focus on building their businesses, not waiting on financing.”
As a PLP lender, EverBank can approve loans up to four weeks faster than non-PLP lenders by allowing the bank to gain autonomy to approve, close, service and liquidate loans.
