SBA Compliance Audits for Credit Unions & Banks
SBA Regulatory Issues Legal Services
Starfield & Smith assists SBA lenders with preparing for and responding to SBA audits and oversight and enforcement actions by a variety of federal regulators, including the SBA’s Office of Credit Risk Management, SBA’s Office of Inspector General and the Department of Justice. Our experienced lawyers provide lenders peace of mind by conducting loan-level SBA compliance audits and assisting lenders with a strategic plan to mitigate identified risks and develop compliant closing process and procedures.
Extensive SBA Portfolio Compliance Audits
Our SBA portfolio compliance audit ensure that you are ready for your next SBA or regulatory audit or Parris review and maintain your ability to successfully participate in SBA’s lending programs. Starfield & Smith has assisted lenders with:
- Compliance audits prior to sale of SBA loan portfolios;
- Compliance audits prior to Parris reviews;
- Risk based audits in response to regulatory agencies reports or findings;
- Limited scope audits to help evaluate deficiencies and possible compliance weaknesses in the SBA loan portfolio;
- Responses to Parris reviews and amendments to bank policies to address recommendations made by regulators.
We act as an external control on your SBA loan portfolio so that lenders do not have to worry about their standing in the SBA loan program.
Contact Our Attorneys To Discuss Compliance Audits
We offer lenders comprehensive compliance audit services. Our detail-oriented approach circumvents costly mistakes and frees up your employees’ time to focus on value-adding tasks. Call 215-542-7070, or contact our firm online. We serve clients nationwide.
Lenders who work with the United States Small Business Administration (SBA) are under a lot of pressure to ensure their internal policies and processes comply with current SBA rules, regulations and guidelines. If you are an SBA lender, you could lose your right to provide SBA loans if you fail your SBA regulatory compliance audit. That’s why SBA compliance for banks, credit unions and non-bank lenders is so important. So what’s the best way to ensure your internal processes and procedures are up to the high standards of SBA compliance for banks, credit unions, and non-bank lenders? Hiring a highly qualified SBA regulatory compliance lawyer is the best way to find out for sure if your lending practices conform to SBA’s rigorous standards.
The attorneys at Starfield & Smith have spent over 25 years assisting SBA lenders with preparing for and responding to SBA audits, oversight, and enforcement actions from a variety of federal regulatory offices, including the SBA’s Office of Credit Risk Management, the SBA’s Office of Inspector General, and the Department of Justice. An experienced lawyer from our firm can provide lenders with peace of mind by conducting loan-level SBA compliance audits for banks, credit unions, and non-bank lenders as well as assisting SBA lenders with developing a strategic plan to mitigate identified risks and implement compliant closing processes and procedures. By having our firm conduct an SBA compliance audit, you will know that you are ready for any audit or regulatory oversight action that may come up in the future.
If you’re a bank, credit union, or non-bank lender who is concerned about SBA regulatory issues, get in touch with Starfield & Smith to speak to an SBA compliance attorney today. We can provide you with an SBA compliance attorney who can give you advice about your upcoming Small Business Administration compliance audit or help you bring your policies and procedures into SBA compliance after an audit. An SBA lender legal advisor from Starfield & Smith can also help you with other compliance issues like SBA lender compliance training. If you need an advisor for an SBA guaranty purchase or you’re looking to obtain an SBLC license, a lawyer from our firm can assist you with that as well. No matter what type of regulatory concerns you may have, our attorneys will get you up to speed and give you the advice you need to ensure compliance with SBA’s rules, regulations and guidelines.
We specialize in providing legal services to our nation’s SBA lenders. Contact us to reach an attorney for guidance on SBA loan compliance or obtain advice about SBA compliance audits, SBA regulatory issues, and general SBA matters. We can be reached at 215-542-7070, firstname.lastname@example.org, or by visiting our contact page and filling out the online form. We serve clients nationwide.
Our SBA portfolio compliance audits ensure that you are ready for your next SBA audit, regulatory audit, or PARRiS review so you can successfully maintain your ability to participate in the SBA’s lending programs. Starfield & Smith has attorneys available to assist lenders with SBA regulatory issues including:
- Pre-Sale SBA loan portfolio compliance audits
- Compliance audits to prepare for SBA PARRiS or SMART reviews
- Risk based Small Business Administration compliance audits in response to SBA reports or findings
- Limited scope Small Business Administration compliance audits to evaluate deficiencies and possible compliance weaknesses in lender’s SBA loan portfolio
- Responses to PARRiS reviews and assistance with developing bank policy amendments to address recommendations made by SBA regulators
We act as an outsourced internal control on your SBA loan portfolio so you can maintain your standing in the SBA loan program. In addition to advising lenders on SBA compliance for banks, credit unions, and non-bank lenders, we can also provide a SBA compliance attorney to advise you on any of the following matters:
- SBA Creditor Rights Protection
- SBA Guaranty Purchase Reviews and Recovery
- SBA Lender Compliance
- SBA Loan Documentation and Closing
- SBA Non-Bank Licensing (SBLC)
- SBA Regulatory Compliance and Lender Oversight
- Business Litigation
- Title Services
- Starfield & Smith Express – Our focused, timely SBA regulatory compliance review at an affordable price that’s significantly lower than our full-service SBA closing and compliance service
Ensuring SBA compliance by banks, credit unions, and non-bank lenders is not a subject to be taken lightly. SBA lenders need lawyers with the specialized knowledge it takes to ensure compliance with all SBA rules, regulations and guidelines or you could end up losing your ability to work with the SBA. Without solid legal advice, you could be subject to fines, penalties or other enforcement action. We can provide you with a lawyer to advise you about preparing for upcoming SBA compliance audits, about general SBA compliance matters, or about what to do after you have received your audit report or notice of an enforcement action.
When you hire an attorney from Starfield & Smith, not only will you be ensuring that you’re getting the best legal advice from an SBA regulatory compliance expert, you’ll also be giving your own staff more time to focus on your core business. Serving your clients is important to you; let an SBA compliance attorney handle the complex task of reviewing and updating your SBA compliance policies and procedures.
We offer lenders comprehensive SBA compliance reviews, audits, and related services. Our detail oriented approach circumvents costly mistakes and frees up your employees’ time to focus on value-adding tasks. Call (215) 542-7070 to reach us. You can also send an email to email@example.com or visit our contact page and fill out the online form. We serve clients nationwide, so get in touch with us about SBA compliance for banks, credit unions, and non-bank lenders.