The release of SOP 50 57 (Edition 4) introduced a new loan status—SBA Uncollectible—that sits between lender wrap-up and final SBA charge-off. While the designation is largely administrative…
Substitution of real estate collateral is a servicing action that SBA lenders occasionally face when a borrower requests to release existing real estate collateral in exchange for a…
In SOP 50 10 8, the SBA has updated its guidance on citizenship requirements for SBA loan eligibility, providing additional clarity for lenders navigating ownership and guarantor eligibility.…
One of the most drastic (and possibly most appreciated) changes to the SOP 50 10 7.1 was the addition of the ability to finance partial changes of ownership.…
A tenant improvement allowance may be negotiated between the borrower and the landlord where the landlord agrees to provide funds towards the leasehold improvements. These allowances benefit the…
It has been a longstanding rule that a lender cannot sell a loan on the secondary market if it is not fully disbursed. However, changes in the most…