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…
SBA lenders must be careful to not only follow the updated guidance in SOP 50 57(3) for liquidation and guaranty purchase, but also for SBA loans in regular…
Under the SOP 50 57 3, SBA has added a new provision that alters the perspective under which SBA will review a lender’s actions. This revised language states:…
