With the U.S. Small Business Administration’s (“SBA”) release of SOP 50 10 7.1, Lenders should be pleased to see the return of some familiar provisions that were in…
Yesterday the U.S. Small Business Administration (“SBA”) released Standard Operating Procedure 50 10 7.1 (the “SOP”). The SOP was issued in lieu of the announced but unissued Technical…
After an SBA loan has been disbursed, a Borrower may request a loan action which may require a lender to submit a servicing request to the SBA. Such…
SBA loans secured by junior liens on collateral are subject to the rights of senior lienholders in such collateral. SBA requires lenders to take prudent and commercially reasonable…
A deferment is a way by which a lender can temporarily reduce monthly payment amounts or completely suspend said payments for a brief period of time. When used…
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…