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Accredited Loan Companies: Learn What is ALP for Small Business | ALP program
What is the Accredited Lenders Program (ALP)?

Accredited Lenders Program

The Accredited Lenders Program (ALP) is a superior designation for Certified Development Companies (CDCs) that have reached a high standard for processing and servicing Small Business Administration (SBA) 504 Loans. With only about one-third of CDCs reaching this level, many often wonder- "What is ALP? And how do we qualify?”.

In order to gain ALP status, a CDC must meet the following criteria and more before applying:

  • The staff, as part of the ALP program, must have well-trained, qualified loan officers who are knowledgeable about SBA lending policies and procedure for processing and servicing 504 Loans.
  • The organization, to be recognized as one of the accredited loan companies, must have at least one loan officer with three years of 504 loan processing experience and at least one loan officer with three years 504 loan processing or two years plus satisfactory completion of SBA-approved processing and servicing training.
  • The CDC must have approved at least twenty 504 loan applications in the most recent three years and have a portfolio of at least thirty active 504 loans.

The ALP designation provides CDCs with increase authority to process, close, and service SBA 504 Loans and the ability to expedite 504 Loan processing and closings. This is a major benefit provided by accredited loan companies to small businesses applying for SBA 504 Loans, especially when being able to speed up the process is important to take advantage of real estate transactions, quickly being able to purchase new equipment, or to rapidly pay off previous debt from these kinds of purchases.

504 Capital Corporation is a leading CDC working under the ALP designation. When you’re ready to apply for an SBA 504 Loan, our lending specialists have the experience and dedication it takes to take your loan from application to approval. Contact us today and let us get you started on the path to building your business.

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