OUR BLOG

Banks have a deserved reputation of being traditionalists, slow to adopt new technologies and often bound up in “how we’ve always done it...

For a new business – or any business involving a complete change of ownership – to qualify for a loan, SBA requires fully-documented...

SBA is releasing what they’re referring to as a “modernized” Form 1502 and filing process – and yes, it’s a definite improvement over the...

Is AI taking over the world? Listening to some people, you might think so. But – slow down! Not so fast. We were fortunate to attend a...

We’d be willing to bet that your team has some creative workarounds for the sometimes annoying, yet generally unavoidable mismatches...

SBA Consultant We all have that thing – you know, the thing that keeps our attention, that energizes and challenges us. When I was a...

For almost my entire career in banking, new projects were handed to me to learn, build initial processes, and then train everyone else. ...

We pride ourselves on being geeky about SBA 7(a) loans. Sure, some of our friends and family think that’s a little odd, but the simple...

We’ve been covering questions about deferrals in several recent articles. And our clients continue seeing a rise in Borrowers’ requests...

Your Borrowers don’t always experience smooth sailing. Sometimes they get stuck, run into difficulties, and end up with what everyone...

Our friend and colleague Doug Hood has been an SBA consultant and small-business advocate for over 27 years and has won many awards and...

Did you notice the new notice? We’d like to draw your attention to the Information Notice SBA released at the end of December (when you...

Do you litigate? Quick answer: yes, you do – and if you haven’t yet, someday you will when a Borrower declares bankruptcy, or there’s...

Ever driven past someone stopped for speeding? We all have. (Note: we’re not asking if you’ve ever been stopped for speeding!) We speed...

Whether you’re thinking about starting or expanding your SBA Lending department, or simply updating it based on new SOPs, a key factor is...

There’s no shortage of things causing stress in life, at work – and as an SBA Lender. Yikes. Let’s just look at recent concerns about...

Our last article discussed Post-Purchase Packages – the documentation required from Lenders by SBA for loans sold on the secondary market...

When loans are sold on the secondary market, and you as the Lender have requested SBA to repurchase the loan from the investor, next...

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...

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...