SBA Lafayette Receives Preferred Lender Status from U.S. Small Business Administration

SBA Lafayette Achieves Preferred Lender Program Designation

Lafayette Square SBLC, LLC, widely known as SBA Lafayette, has made headlines by being recognized as a Preferred Lender (PLP) by the U.S. Small Business Administration (SBA). This designation marks a significant milestone for the organization and positions it as a vital player in supporting small businesses across the nation.

What Does PLP Designation Mean?

The designation as a Preferred Lender allows SBA Lafayette to expedite the processing of SBA 7(a) loans, which are critical in providing working capital, purchasing equipment, and funding other essential activities for small businesses. In the fiscal year 2025 alone, the SBA backed a remarkable 77,600 loans worth approximately $37 billion, confirming the pivotal role the 7(a) program plays in capital allocation for American small enterprises.

Rocco Perate, the Chief Executive Officer of SBA Lafayette, expressed the team’s readiness to serve borrowers. “Our 30-person team brings experience and preparedness to fund borrowers seeking transparent and swift loan decisions from a lender that understands Working-Class people and places,” he stated. This sentiment highlights the organization’s commitment to not only facilitating loans but also ensuring that they are accessible to those who need them the most.

Noteworthy Accomplishments

Since its inception, SBA Lafayette has successfully approved 25 loans, evidencing its capability and reliability as a lender. A recent highlight includes its partnership with Manhattan Shade Associates, a prominent manufacturer of high-end window treatments located in New York. The loan facilitated the acquisition of Merrill Y. Landis, Ltd., a family-owned enterprise specializing in custom window treatments in Pennsylvania.

Mitchell Schulman, Principal of Manhattan Shade Associates, remarked on the significance of this transaction beyond mere financials; it represented a longevity and commitment to craftsmanship within their family business. He praised SBA Lafayette for their collaborative spirit throughout the entire acquisition process, showcasing the positive impact that such partnerships can have on smaller businesses aiming to grow and innovate.

Understanding SBA Lafayette’s Mission

Operating under the auspices of the SBA, Lafayette Square SBLC, LLC aims to support small businesses through the origination of SBA 7(a) loans. As an independent entity, the organization is integrated with Lafayette Square USA, Inc., a non-diversified investment company regulated under the Investment Company Act of 1940. This structure enables SBA Lafayette to function effectively as a business development company with a focused investment objective.

By aligning with the SBA’s mission, SBA Lafayette seeks to empower small business owners across various sectors, ensuring that they have access to the necessary financial resources to thrive. This kind of support is critical in today’s economic climate where small businesses form the backbone of the U.S. economy, contributing significantly to job creation and community development.

Conclusion

The recent designation of SBA Lafayette as a Preferred Lender not only underscores its commitment to small businesses but also enhances its ability to deliver timely financial solutions. With a dedicated team and a proven track record, SBA Lafayette stands ready to assist borrowers in navigating the complexities of loan application processes, further solidifying its role in fostering a vibrant landscape for small businesses in America.

For more information on SBA Lafayette and its services, visit www.sbalafayette.com.