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Litigation Plans for SBA Loans – Do I need one?

Posted by Lance Sexton in News with No Comments

A lender should prepare a litigation plan based on the facts known and reasonable assumptions of the loan liquidation. A litigation plan needs to be developed if a foreclosure will occur or legal action is going to be taken against the borrower or guarantors.  Understanding how to properly engage an attorney and how much legal […]

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Join our July 22nd Webinar

Posted by Prudent Lenders in News with No Comments

SBA 7(a) Legal and CPC Expenses — Approval, Documentation and Reimbursement Tuesday, 2:00PM-3:15PM EST, July 22nd, 2014 Price: $289 Length: Approximately 75 minutes In April, SBA changed its procedures and modified the time period when lenders may submit requests for approval of recoverable expenses for SBA 7(a) Loans. Preparation of a proper lit...

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SBA Loans: The Missing Manual II

Posted by Prudent Lenders in News with No Comments

As a SBA Lender Service provider Prudent Lenders consistently receives inquiries regarding the SBA Loan processes. As a resource to you we have published our answers to commonly asked questions to assist those offering SBA services.  These are not the formal, stated policies of SBA, are not produced by SBA, and should not be relied […]

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