Rebecca Mendoza
Oct 11, 2023
On a Different Note - Managing Stress
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...
Lori N. McCausland
Sep 27, 2023
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, 2023
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, 2023
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, 2023
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, 2023
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, 2023
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, 2023
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, 2023
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, 2023
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...