When underwriting or discussing a loan where Maryland real property is collateral, a lender must take recording fees and taxes that will be incurred to record the appropriate…
Under 13 CFR §§ 120.140(j)(1) and 120.201 SBA-guaranteed loan proceeds may not be used to pay a creditor in a position to sustain a loss and the debt…
With the issuance of SOP 50 10 8 and the changes it brought to SBA lending, now is a good time to review your internal policies to ensure…
While the SBA’s current focus is adjusting to a new administration and protecting the zero-subsidy status of the program through the adjustments to the 7(a) Lender’s Annual Service…
On November 5, 2024, the U.S. Small Business Administration (the “SBA”) Office of Financial Program Operations released an updated Servicing and Liquidation Actions 7(a) Lender Matrix (the “Matrix”). …
During the 7(a) Connect Quarterly Update call on July 9, 2024 the Office of Credit Risk Management (“OCRM”) demonstrated an example of how it reviews a specific loan…
