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SBA Loan Application Submission

Posted by Prudent Lenders in News with No Comments

The 10-Tab submission format when submitting a loan application has become the preferred method in recent times. The SBA is encouraging its use for many reasons including: reducing the number of incomplete applications submitted, improve processing time, and make packages more orderly. Although not at the moment, it is believed that because of its ...

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SBA 7(a) Repair or Denial of the Guaranty; Loans and Loan Liquidation: Harm to the Agency

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

In many cases, the SBA may question a lender’s liquidation activities at the time of guaranty purchase review. A full or partial denial of liability is justified if a lender fails to liquidate a loan in a commercially reasonable and prudent manner and the failure caused, or could cause, a material loss on the loan. […]...

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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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