Oftentimes, SBA loan proceeds are used to refinance business debt or finance the acquisition of business assets. Â When navigating these types of transactions, one of the most common pitfalls for…
This article is the second part in a series of articles on lien searches on sellers. For background, please see Part 1 in this series, Best Practices: SBA 7(a) Loans…
On April 29, 2022, the U.S. Small Business Administration announced important changes to the Community Advantage (CA) Pilot Program.  87 FR 25398.  The changes take effect on May 31, 2022. …
SBA’s Office of Credit Risk Management continues to focus on the adequacy of lenders’ underwriting and documentation of working capital disbursements on their 7(a) loans. Lenders are required to thoroughly…
One common reason for SBA to issue a repair or denial of the SBA guaranty is a Lender’s failure to properly disburse an SBA loan in accordance with the use…
In a recent presentation by SBA on guaranty purchases and its 10 tab process, the Agency noted that lenders not infrequently provide inadequate documentation to support their debt refinancing “uses…