The Small Business Administration (SBA) loan programs, particularly the 7(a) and 504 programs, are vital engines of economic growth. For lenders, these government guaranteed programs offer significant opportunities but require…
As SBA loan program rules continue to evolve, one of the most valuable tools available to 7(a) lenders is the SBA Servicing and Liquidation Actions Lender Matrix. While…
Under 13 CFR §§ 120.140(j)(1) and 120.201 SBA-guaranteed loan proceeds may not be used to pay a creditor in a position to sustain a loss and the debt…
There is quite a bit of information for SBA lenders to keep track of at the moment. As a reminder, the new SOP 50 57 4 (the “SOP”),…
Title insurance serves several important functions for lenders. Primarily, it insures that the lien created by a mortgage, deed of trust or security deed is valid and enforceable…
SBA lenders are often asked by borrowers or guarantors to release or subordinate collateral during the life of an SBA 7(a) loan. This collateral can include both personal…