While most banks, as well as select commercial finance companies, offer sba loan and grants, 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 sba loan and grants 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 sba loan and grants guidelines.

About 850 lenders qualify for to lend sba loan and grants, having met certain criteria, the most important of which, from the borrower's perspective, is extensive experience in sba loan and grants. 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 sba loan and grants / 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 sba loan and grants, 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.