Unexpected Outreach: Navigating an Unmatched SBA Lender Inquiry
Recently, I embarked on the journey of securing an SBA loan and was matched with several lenders, selecting two to initiate conversations. The process seemed to be going smoothly, until I received an unexpected call in my office.
The caller introduced himself as someone I was supposedly matched with on the SBA portal. However, upon hearing his name and business, I quickly realized he was not one of the lenders I had chosen to reach out. Surprisingly, he wasn’t even listed among the partners on my SBA dashboard.
To verify his credibility, I did some research. His online presence appeared legitimate—his name and business were indeed tied to genuine SBA lending information. His LinkedIn profile further backed up his experience in the SBA development sector, although one of his current roles raised my curiosity. He is listed as a self-employed SBA consultant, whose work includes matching clients with suitable bankers.
What piqued my interest further was the email address he used—an outdated one, which suggested he might have sourced it independently rather than receiving it via the SBA site.
Despite this initial confusion, the conversation was straightforward and professional, with the caller demonstrating a solid understanding of the SBA loan process.
This unexpected approach raises a few questions:
- Has anyone else encountered a similar situation?
- How do lenders learn that you’ve applied for an SBA loan without being directly matched?
- Are there additional steps I should take to verify the legitimacy of this lender?
These inquiries are now at the forefront, as I contemplate the next actions in this somewhat puzzling scenario. Insights and advice are appreciated as I navigate these uncharted waters.
One Comment
Thank you for sharing your experience—it’s quite an intriguing situation! It’s not uncommon for lenders or consultants to reach out, and it often raises questions about privacy and the matchmaking process. Here are a few thoughts to consider as you navigate this unexpected outreach:
1. **Privacy and Data Sharing**: It’s important to understand how your information might have been circulated in the lending community. Sometimes, lenders and consultants network informally, sharing leads based on mutual interests. Ensure you are aware of the privacy policies on the SBA portal regarding your contact information.
2. **Verifying Legitimacy**: Beyond LinkedIn and a basic web search, consider looking for reviews or testimonials from previous clients about this individual or their business. Tools like the Better Business Bureau or similar watchdog organizations can help verify if they have had any complaints registered against them.
3. **Consultation vs. Lending**: It’s interesting that he identifies as a consultant. While there is value in consulting expertise, ensure you know what services he offers and how they align with your needs. Sometimes consultants act as intermediaries but may not have the authority to actually deliver an SBA loan.
4. **Due Diligence**: As you engage in further conversations, don’t hesitate to ask specific questions about his processes, experience, and any fees involved. A reputable consultant should be transparent about their role and how they can add value to your loan application.
5. **Engaging Your Matched Lenders**: Since you’ve already