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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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SBA Loans – Post Default Site Visits

Posted by Lance Sexton in Blog, News with No Comments

When a SBA Loan is in default, one of the most important steps that a SBA Lender can take to avoid a potential repair is to conduct a site visit. Site visits must be conducted in a timely manner to meet SBA’s SOP standards for Care and Preservation of Collateral.  The two primary rules for […]

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