Louisiana Capital

The Accredited Lenders Program (ALP) was instituted by SBA in order to streamline the 504 loan process – expedite processing of 504 loan closings.

The ALP provides for greater reliance on participating CDCs in loan processing and servicing. ALP-CDCs are accountable for thorough credit and eligibility analysis on loan applications and thorough analysis on servicing action requests prior to submission to the SBA. The Agency will rely on the ALP-CDC’s credit analysis in making the decision to guarantee the loan and complete the documentation. SBA’s role in delivering financial assistance will be improved as the ALP-CDC’s role is maximized.

ALP was developed to allow active CDC’s to improve services to their small business clients. The principal objectives of the ALP are expedited processing of CDC loan applications and servicing actions and reducing the work load of the SBA field offices. ALP is based on a sound working relationship between a SBA field office and a CDC.