Since the SBA E-Tran Terms and Conditions no longer contains specific requirements for title insurance, lenders should use prudent lending standards and generally accepted principles of commercial lending…
SBA’s guidance on real estate appraisals depends on the type, size and use of the SBA loan proceeds. This article focuses specifically on the basic commercial real estate…
After an SBA loan has been disbursed, a Borrower may request a loan action which may require a lender to submit a servicing request to the SBA. Such…
Financing a business acquisition is an eligible use of SBA 7(a) loan proceeds, provided, that certain conditions are met. One of those conditions is that a seller is required to…
Before any lender may finance an SBA guaranteed loan, it must assure compliance with SBA’s “credit elsewhere test.” Compliance is a critical eligibility prerequisite. The test is foundational and one…
Prudent lenders recognize that equity injection must be verified and sourced whenever injection is required on an SBA loan. It is often helpful to think of equity injection as new…