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…
The U.S. Small Business Administration’s 504 Loan Program was created to foster economic development and create or retain job opportunities and stimulate growth, expansion, and modernization of small…
Hazard insurance requirements for SBA 7(a) loans were updated in SBA Procedural Notice No. 5000-846607, which went into effect on May 11, 2023. The changes to Hazard insurance,…