Following a default, Lenders often contend with questions related to whether to file suits against obligors; the need for litigation plans; when to advance expenses; and, what costs can be…
Lenders should always review SBA’s Servicing and Liquidation SOP when engaging in liquidations of SBA loans. This article will take a high-level look at the changes incorporated into…
As we have discussed over our last few articles, the recent rule changes issued on April 10, 2023 altered the affiliation rules to limit the analysis to issues…
With the current uptick in SBA loan defaults, lenders should ensure that their loan servicing teams familiarize themselves with the SBA’s offer in compromise (“OIC”) process. A lender may not…
Our June 15, 2022 article discussing servicing requests involving real estate collateral for SBA loans generated spirited discussion and feedback from several readers. See Best Practices: SBA Loan Servicing Request…
In order to improve collateral coverage, lenders are often required to take real estate collateral owned by guarantors to secure their SBA loans. These liens tend to be junior in…