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About Allen Connor

Best Practices: Proposed Rule: Changes to Hazard Insurance Requirements for Smaller Loans

The U.S Small Business Administration (SBA) proposed to amend various regulations governing the SBA’s 7a loan and 504 loan programs, one of which is a change in the required collateral…
  • December 7, 2022
  • Allen Connor

Best Practices: Verification of Source of Equity Injection: Practical Tips

Equity injection is a key component of many SBA 7(a) loans and, when it is required, it is imperative that every lender verify the source of injection. Not verifying the…
  • August 10, 2022
  • Allen Connor

Best Practices: The Federal Reserve’s Interest Rate Policies Require SBA 7(a) Lenders to Re-examine their Interest Rate Practices

On March 16, 2022, the Federal Reserve (“the Fed”) raised interest rates by 25 basis points (or “bps”) in an effort to tamp down inflationary pressures.  The Fed also indicated…
  • April 20, 2022
  • Allen Connor

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