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

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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SBA 7(a) Program Eligibility: “Affiliation”

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

As we mentioned in earlier posts, eligibility is a “black and white” issue: 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 the lender had delegated authority under the PLP or other similar programs, or if the […]

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SBA 7(a) Eligibility – An Overview

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

When SBA’s Denial of Liability on a 7(a) Guaranty is Justified: Introduction to Eligibility With the exception of PLP loans deemed to be ineligible under applicable federal law or SBA policies and regulations, generally, the Agency does not deny liability on a 7(a) Loan guaranty unless a lender’s noncompliance with program guidelines caused...

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