There have been plenty of changes to SBA’s regulations over the past year, and lenders should be aware that these changes have not only been in the SOP’s.…
The Small Business Administration (SBA) has launched its new 7(a) Working Capital Pilot (WCP) program, which will take effect on August 1, 2024. SBA published notice of the…
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…