On June 21, 2018 Congress passed the Small Business 7(a) Lending Oversight Reform Act of 2018 (the “Act”). The Act required the SBA to prepare and circulate regulations to implement…
SOP 50 10 5(K) will take effect on April 1, 2019. This article touches upon a few of the changes to the 504 Loan Program contained in Subpart C of…
As we begin the new year, here are some items of interest that lenders should keep an eye out for in 2019: First, it is important to make sure that…
As discussed in last week’s article, on August 14, 2018, the Small Business Administration (“SBA”) released the new 7(a) Authorization Wizard for immediate download and use. Following are some non-state…
Section 4 on page 180 of SOP 50 10 5(J) confirms that SBA Express lenders have authority to make credit decisions for Express loans without prior SBA review. This authority…
The revitalization of historic buildings can benefit a local community by creating new jobs in that community. These projects, however, frequently have higher costs, greater design challenges, and weaker market…