How to Protect Your SBA Guaranty
Date:October 21, 2014
One reason a lender requests an SBA loan guaranty is that it reduces the risk of a borrower’s non-payment by providing a guaranty on a percentage of a business loan. If a borrower defaults, lenders can request SBA pay a percentage of the outstanding balance. It is vitally important the lender not jeopardize the guaranty by not properly following SBA regulations to underwrite, close and service the loan during its life.
During a webinar, Tuesday, October 21 at 10:00 a.m., Ethan W. Smith, discusses how to document the SBA file and steps in underwriting, closing and servicing an SBA loan to ensure the integrity of the government guaranty is maintained and claims to SBA are honored timely and efficiently.
Email the name of the webinar and contact information to Rick Haney at firstname.lastname@example.org or call 304-623-7449.