OUR BLOG

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

It’s been a lot these last few months. Three new SOPs from SBA ( 50 10 7 , 50 57 3 , and the updates in 50 10 7.1 ). Inflation...

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...

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

SBA is cheerfully categorizing the changes in its recently-released SOP 50 7 3 as “improvements” – which they may well be, but Lenders...

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...

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...

Do you have a list of all the SBA deadlines for your Standard 7a and Small SBA 7a loans? They’re essential to protect the guaranty,...

Remember when “file stacking” was actually a Thing? Or did I just date myself? In case that was (ahem) before your time – it used to be...

Has your brain ever convinced you that it remembers exactly how to complete a task? Perhaps it whispered to you that checklists are for...

(and what to do about them) Your SBA loan guarantee may be at risk during the eligibility, closing and funding stages if not documented...

What Makes a Great Procedure? So – you want to update (or write from scratch!) your procedures? YAY. If you’ve followed us at all, you...

We often perform annual or post-closing file reviews for our clients. Perfecting and protecting collateral is an important part of these...

Ever failed to get to the finish line on a Guaranty Purchase for an SBA loan in default? It’s not a good thing, for obvious reasons:...

Do this first! Selling your SBA loans? It’s a fairly common thing to do. But a whole ‘nother level of responsibility comes with sales of...

Screenouts! Such a dreaded word in the world of SBA lending! They always come at the most inopportune time, are a total surprise...

Avoiding errors

Did you see the September 8th, 2021, SBA Notice 5000-814473 with the really long title? “Interim Advances: Guidance for Processing...

5 Tips to make Workout and Liquidation More Fun! Okay, let’s be real: nothing about Workout and Liquidation is fun. But that doesn’t mean...