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Monthly Archives January 2013

SBA 7(a) Program Eligibility: “Credit Available Elsewhere”

Posted by Prudent Lenders in SBA 7(a) Lessons Learned – SBA Question? - Ask the Experts with No Comments

We have previously outlined in earlier posts the importance of eligibility for SBA lenders.  As you may recall, during SBA’s guaranty purchase review, if SBA concludes that a loan or borrower was ineligible at the time of loan approval, SBA will deny the guaranty (if processed under a lender’s delegated authority or the lender failed […...

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