SBA Loan Servicing Pitfalls
Collateral Oversight and the Cost of Missed Recoveries
When a Borrower’s loan is in trouble, collateral is a whole lot more than a checkbox on your to-do list.
It’s a foundational element in SBA’s expectation that you, as a Lender, will take appropriate action to maximize recovery and minimize loss. If you’re not careful to safeguard collateral and manage liquidation, you risk losing out on expected financial recovery. And when SBA reviews your servicing practices and decides
Rebecca Mendoza
Nov 4