New federal bankruptcy forms become effective today regarding proofs of claim. These new forms provide templates for the notice required once an objection to a proof of claim is filed. …
Whether processing your SBA loan through general processing (“GP”) or through the Preferred Lenders Program (“PLP”), a lender must avoid establishing a preference. See 13 CFR §§120.411. This means that…
At the August 2016 America East Conference for SBA Lenders, a general session was devoted to “Fraud Trends, Risk Factors and Tips on How to Avoid Becoming a Victim.” Part…
Best Practices: Commercial Real Estate Appraisals for SBA 7A Loans and Non Arm’s Length Transactions
This article will summarize commercial real estate appraisal requirements for SBA 7a loans, and specifically discuss the requirement applicable to a business real estate appraisal when there is a change…
One of the benefits of the SBA Loan program, along with the government guaranteed portion of the loan, is that there are other expenses that the SBA will participate in,…
For SBA lenders, proving equity injection is a critical part of the due diligence process since failure to properly do so can result in a denial of the guaranty. With…