Lenders participating in SBA lending programs are required to obtain evidence of hazard insurance, including flood insurance, if applicable, on any real or personal property collateral securing its loans. Most…
Many SBA Borrowers provide equity injection in the form of qualified rollovers of their existing 401(k), profit sharing plan or other qualified retirement account (collectively referred to herein as QRAs).…
Documenting disbursements can be a monumental task for SBA lenders on construction loans. SBA cites failure to use loan proceeds as required by the SBA loan authorization as one of…
If there is one constant in the world of SBA lending, it is change. SBA rules and regulations are constantly transforming with new interpretations of existing rules and updated regulations…