While most banks, as well as select commercial finance companies, offer bankruptcy loan sba, there are two specialized categories worth knowing about. These are Certified Lenders and Preferred Lenders, both of which have entered into contractual relationships with the SBA and officially participate in the bankruptcy loan sba Certified Lender/Preferred Lender programs (CLP/PLP).

These lender programs were designed to provide better response to borrowers; they accomplish this goal by placing additional responsibilities on the lenders for analysis, structuring, approval, servicing and liquidation of loans, within bankruptcy loan sba guidelines.

About 850 lenders qualify for to lend bankruptcy loan sba, having met certain criteria, the most important of which, from the borrower's perspective, is extensive experience in bankruptcy loan sba. Certified lenders account for about 9 percent of all SBA business-loan guarantees. Since the certified bank does much of the SBA's work, the agency offers turnaround times of three business days for processing the application.

Approximately 500 lenders meet preferred lender standards. This group processes approximately 30 percent of bankruptcy loan sba / SBA loans. Preferred lenders have full lending authority and as a result can offer a one-day turnaround on completed loan applications.

If you are seeking an bankruptcy loan sba, your best bet is to work with a certified or preferred lender. The SBA-guarantee process is tricky at best, and you want a lender who has been through it more than once.