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…
The importance of a landlord waiver in a liquidation situation cannot be understated. Often, a landlord waiver agreement is viewed as just another document to collect in order to close…
Any lender that has received a recommendation for a guaranty denial from the SBA is familiar with the process involved. A lender submits its guaranty purchase package to the Agency.…
In this, our third article on SBA Procedural Notice No. 5000-812316 (the “Procedural Notice”), we turn our attention to potential litigation scenarios involving PPP loans and the choices a lender…