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Monthly Archives June 2013

Small Business Owners Hopeful about Expanding

Posted by Prudent Lenders in News with No Comments

Small business owners are optimistic about the future of their businesses, according to a recent study by the Bank of America Small Business Owner Report. Many are expecting an increase in revenue along with an increase in hiring in the near future. This is especially true for the younger owners. Of those included in the […]...

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SBA 7(a) Repair or Denial of the Guaranty – Failure to Document Disbursements

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

A full or partial denial of liability may be justified if the Agency suffers a material loss on the loan due to the Lender’s failure to ensure that the loan proceeds were used in accordance with the Loan Authorization as required by the version of SOP 50 10 in effect at the time the loan […]...

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