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About Aaron Cook

Best Practices: Requirements for SBA Guarantees

Pursuant to 13 CFR § 120.160(a), all SBA 7(a) loans must be guaranteed by at least one person or entity. Generally, guarantees are required of any individual or…
  • April 24, 2024
  • Aaron Cook

Best Practice: Understanding SOP 50 57 3: Denial of Liability on 7(a) Loan Guaranty

Effective August 1, 2023, all SBA 7(a) loans (regardless of when they were originated) are subject to SBA’s SOP 50 57 3. The new SOP includes changes and…
  • January 10, 2024
  • Aaron Cook

Best Practices: Lender Servicing and Liquidation Responsibility and Authority under SOP 50 57 3

  After August 1, 2023, all SBA 7(a) loans (regardless of when they were originated) are subject to SBA’s SOP 50 57 3. The new SOP includes a…
  • August 16, 2023
  • Aaron Cook

Best Practices: Who Must Guarantee an SBA Loan?

Generally speaking, every SBA 7(a) loan must be guaranteed by at least one individual or entity. The SBA has set out different criteria and requirements for different types of guarantors.…
  • May 3, 2023
  • Aaron Cook

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