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About Jennifer E. Borra

Best Practices: Managing SBA Construction Loans in the Current Economic Environment

SBA lenders are receiving an unprecedented number of servicing requests on SBA construction loans due to lingering pandemic related and current economic difficulties. The COVID-19 pandemic has significantly impacted the…
  • June 29, 2022
  • Jennifer E. Borra

Best Practices: Revisions to SBA’s Financial Information Verification Procedures

Effective March 9, 2022, SBA set forth revised procedures for SBA lenders and Certified Development Companies (CDCs) concerning the verification of financial information for the small business applicant.  See SBA…
  • March 16, 2022
  • Jennifer E. Borra

Best Practices: Documenting Disbursement of 7(a) Loan Proceeds

In order to properly document and close an SBA 7(a) loan, lenders must exercise care to ensure that loan proceeds are disbursed in strict accordance with the lender’s credit memo,…
  • December 8, 2021
  • Jennifer E. Borra

Best Practices: SBA Loan Closing Challenges During the COVID-19 Pandemic

After more than a year into the COVID-19 pandemic, demand for small business financing through SBA lending programs remains strong.  SBA lending partners have approved a substantial number of loans…
  • May 19, 2021
  • Jennifer E. Borra

Best Practices: 7(a) Loan Program Reduces Lender Fees and Increases Guaranty Percentages

SBA released Information Notice 5000-20084 on January 27, 2021.  In accordance with the Economic Aid Act, the Notice provides for temporary changes to SBA loan programs, including higher guaranty percentages…
  • February 3, 2021
  • Jennifer E. Borra

Best Practices: SBA issues formal guidance on Change of Ownership Transactions involving PPP Loans but questions remain

Over the past several months, with no formal guidance in place, SBA lenders have been operating on an ad hoc basis when financing change of ownership transactions where a PPP…
  • October 14, 2020
  • Jennifer E. Borra
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