Lori N. McCausland
- 3 days ago
Changes to Equity Injection Under the New SOP
SBA is cheerfully categorizing the changes in its recently-released SOP 50 7 3 as “improvements” – which they may well be, but Lenders...
Lori N. McCausland
- Sep 13
Delinquent Loans: Eight Potential Problems
Our last article discussed Post-Purchase Packages – the documentation required from Lenders by SBA for loans sold on the secondary market...
Lori N. McCausland
- Aug 29
Those Pesky Post-Purchase Packages
When loans are sold on the secondary market, and you as the Lender have requested SBA to repurchase the loan from the investor, next...
Rebecca Mendoza
- Aug 16
New Borrower Certification Requirements
There’s either a Technical Update or revised SOP 50 10 7 coming soon, but who knows when “soon” will be. So, “Do what you do – until we...
Rebecca Mendoza
- Jul 24
SBA Says: Do What You Do!
There are a lot of changes in the new SOPs 50 10 7 and 50 57 3, and all of them are effective 8/1/2023. Yikes. That’s just a few days...
Lori N. McCausland
- Jul 18
1502 Reporting Review
We’ve written before about the importance of staying on top of your 1502 reporting to the SBA. There have been a few recent updates, so...
Lori N. McCausland
- Jun 8
Documenting Equity Injection – Revisited
As we’re sure you recall, we discussed documenting equity injections in an article back in August of 2021. (Yes, that was a while ago....
Lori N. McCausland
- May 12
Hot off the presses! SBA issues new SOP 50 10 7
It’s here – what we’ve all been waiting for: the latest update for SOP 50 10 7, Lender and Development Company Loan Programs! (You have...
Rebecca Mendoza
- Apr 26
Five common errors in EPC/OC loans
EPC/OC loans aren’t all that difficult. But that doesn’t mean things don’t get missed! Sometimes the simpler something is, the easier it...
Lori N. McCausland
- Apr 19
Oh, Those Prime Rate Increases
You knew it was coming – and yes, it’s here: Prime rate increases have been on the rise. On March 15th of 2020, the Prime rate went back...