On May 28, 2026, the Small Business Administration (“SBA”) issued Policy Notice 5000-879464, Prior Loss Rule: Non-Controlling Ownership Update (the “Notice”), which provided guidance for SBA eligibility questions…
On February 6, 2026, SBA issued Procedural Notice 5000-875051 7(a) Alternative Base Rate Options (the “Notice”), which announced new alternative base rate options for SBA 7(a) loans approved…
Title insurance serves several important functions for lenders. Primarily, it insures that the lien created by a mortgage, deed of trust or security deed is valid and enforceable…
With the issuance of SOP 50 10 8, which became effective June 1, 2025, SBA 7a Lenders with delegated PLP authority have had to make some changes in…
On March 7, 2025, SBA issued Policy Notice 5000-865754 (the “Policy Notice”), Policy Updates to Comply with Executive Order 14159 Regarding Citizenship Requirements for Obtaining 7(a) and 504…
Failure to perfect and maintain liens in the proper lien position against collateral is consistently one of the top reasons for repairs of the SBA Guaranty. Therefore, an…
