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…
As interest rates have risen, so has the possibility that borrowers will no longer be able to make regularly scheduled loan payments. In the 50 57 3 Loan…
On May 9, 2023, the SBA issued Procedural Notice 5000-846607 (“SBA Notice”) which addresses the implementation of SBA’s Final Rule on Affiliation and Lending Criteria for the SBA…
Buying a business is an exciting time and allows the new business owner to look forward to all of the great things that they hope to accomplish. In most cases,…
On October 5, 2022, the SBA released Procedural Notice 5000-835955 (Extension and Revision of SBA Guidance on Guaranty Purchases and Lender Servicing Responsibilities for PPP Loans) or the “Notice.” The…