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SBA 7(a) Lessons Learned – SBA Question? – Ask the Experts

Servicing your Non-Performing SBA Loan

Posted by Lance Sexton in News, SBA 7(a) Lessons Learned – SBA Question? - Ask the Experts with No Comments

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 SBA loan could result in a repair of the guaranty or possibly a denial of the SBA guaranty.  There are several areas of servicing that need to be addressed in […]

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SBA 7(a): Denial of the Guaranty on Business Valuations and Appraisals

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

The SBA requires all lenders to have business valuations conducted for a loan to finance a change in ownership. Failure to adequately justify the value of the business acquired with loan proceeds, in many cases, may warrant a repair or full denial of the guaranty. The SBA has two concerns: 1) that loan proceeds are […]

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