Summary
Bob Coleman sat down with Lendesca’s CEO Chris Hurn on this week’s episode of A Coleman Conversation for a wide-ranging discussion on the state of SBA 7(a) lending.
The conversation covers Chris’s three decades in the industry, why community banks are stepping back from the 7(a) program, and what it actually takes to run an SBA department well. He and Bob also work through where technology helps and where it doesn’t.
What they cover:
- Why lenders are exiting the 7(a) program, and what it costs the communities they serve
- The economics of building an SBA department versus expanding one you already have
- How AI shortens processing time without displacing human review
- Keeping credit authority where it belongs — with the bank
- Underwriting and documentation discipline as guaranty protection
- Where SBA lending goes from here
Watch the full conversation below. Originally published by Coleman Report.
