EverBank N.A. announced it has received Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA), enabling the bank to offer new, expedited financing solutions tailored specifically to the needs of small business clients. As EverBank expands nationwide, PLP approval represents a significant step in the continued growth of its SBA Lending business.

“Achieving Preferred Lender status is an exciting milestone in the growth of our SBA Lending business and our commitment to serving clients with excellence,” said Steve Doss, Head of SBA and Government Lending at EverBank. “It enables us to get capital into the hands of small business owners faster and more efficiently so they can focus on building their businesses, not waiting on financing.”

EverBank’s SBA Lending business provides small business owners with access to flexible financing solutions, including SBA 7(a) and 504 loans, to support needs ranging from working capital and equipment purchases to real estate acquisitions and business expansion. As a PLP lender, EverBank can approve loans up to four weeks faster than non-PLP lenders, by allowing the bank to gain autonomy to approve, close, service and liquidate loans. This streamlines the process for entrepreneurs and small businesses to access capital more quickly.

EverBank’s SBA Lending business is led by Doss, who brings 30 years of SBA lending expertise and has guided countless small businesses in accessing growth capital. The team has more than 70 years of combined industry experience. They serve clients nationwide, offering a seamless process that allows small businesses to focus on serving their customers well.

In its first year of operations, the business ranked among the top 20 SBA 504 lenders nationwide. PLP status now positions EverBank to expand into additional financing options utilizing the SBA 7a and Express loan programs, broadening its ability to serve small business clients.