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Updated SBA 7a Loan Program Credit Standards

Posted by Prudent Lenders in Blog, News with No Comments

The U.S. Small Business Administration (SBA) is announcing revisions to Standard Operating Procedure (SOP) 50 10 5(F) applicable to the credit standards for 7(a) Small Loans (except SBA Express and Export Express) and related requirements. SBA is reducing duplicative requirements for 7(a) Small Loans in the continuing effort to streamline and reduc...

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Join our June 17th Webinar

Posted by Prudent Lenders in Blog, News with No Comments

What are the Critical steps a Prudent Lender must do as a SBA Loan Approaches 60 days Delinquent? Tuesday, 2:00PM EST, June 17th 2014 Price: $289 Length: Approximately 75 minutes One of the most critical times to understand proper SBA Servicing is when your SBA Loan becomes a non-performing loan. Not properly servicing a non-performing […]

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Liquidation Plans

Posted by Lance Sexton in Blog, News with No Comments

Once a SBA Loan is put into liquidation status, the first step a SBA participant bank must take is to prepare a liquidation plan.  Even though in a majority of cases, the liquidation plan will not require review and approval by SBA, it is a document that SBA expects to see in a well-documented loan […]

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