SBA lenders are often asked by borrowers or guarantors to release or subordinate collateral during the life of an SBA 7(a) loan. This collateral can include both personal…
One of the benchmarks of the SBA loan program is that SBA loans are made to operating small businesses and not passive entities. If a small business enters…
An important and beneficial aspect of the SBA 7(a) Loan program is the lender’s ability to sell the guaranteed portion of an SBA Loan. There is an active…
On August 1, 2023, the SOP 50 57 3, 7(a) Loan Servicing and Liquidation became effective. SBA has published an update, SOP 50 57 3.1, which has been…
An important and beneficial aspect of the SBA 7(a) Loan program is the lender’s ability to sell the guaranteed portion of an SBA Loan. There is an active…
On August 1, 2023, the SBA unveiled its new streamlined Guaranty Purchase package. The new Universal Purchase Package (UPP) now takes the place of the former SBA 10…