SOP 50 10 7.1 provides several situations where SBA lenders can rely upon borrower certifications to determine loan eligibility and/or for loan approval purposes. Although this is a…
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…
Driven by technological advancements and societal trends towards self-care and holistic well-being, the medical spa industry has been experiencing significant growth. For lenders offering financing to aid these…
The SOP 50 10 7.1 (the “SOP”) contains additional documentation requirements for gas station loans that SBA admits can be “voluminous and complex” for Lenders. This article will…
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 has dramatically changed the way lenders process franchise loans under the SOP 50 10 7.1 (“SOP”). Lenders no longer need to review franchise documentation for affiliation in…