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CrossFirst Bank hopes to rocket up the list of Small Business Administration lenders in the Kansas City area now that it’s been granted preferred-lender status.
It’s extremely beneficial to be an SBA preferred lender because it means the bank has a proven track record with SBA lending and has demonstrated a proficiency in processing and servicing those loans. Preferred lenders see much quicker turnaround for loan applications, especially those worth less than $5 million.
“It allows us to…