February 4, 2011
Firm News for February: Fundamentals of SBA Lending: Documenting, Closing & Funding the SBA Loan
SBA lending affords banks and other lending institutions with the opportunity to finance commercial loans to small businesses and, at the same time, secure a loan guarantee from the federal government. While the program can be quite profitable, it is not without its risks. Compliance with SBA regulations is mandatory to insure success and profitability. With numerous changes occurring to the program over the last year, it is critical to understand the new regulations and the way to make the SBA loan programs work for you.