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Changes to Equity Injection Under the New SOP

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

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

SBA Loans

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 Loans

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...

Documenting Equity Injection – Revisited

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....

Hot off the presses! SBA issues new SOP 50 10 7

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

Mar 30

Drowning under an SBA to-do pile?

We've been hearing it's been a challenge for SBA 7a lenders to find, hire, and maintain an experienced SBA 7a lending team. Whether it's...

Rebecca Mendoza

Mar 16

Screen Outs - The last word

Welcome to the final article in our series on SBA Screen Outs. You can find the others by following these links: Errors in Loan...

Screen Outs: Finding the Positive – wait, WHAT?

Lori N. McCausland

Mar 2

Screen Outs: Finding the Positive – wait, WHAT?

No one wants to see that Screen Out message in their email in-box. But we like to look at what’s normally considered a negative and find...

Screen Outs - 5 common errors in Guaranty Purchase Packages

Rebecca Mendoza

Feb 16

Screen Outs - 5 common errors in Guaranty Purchase Packages

In this, our second article on the dreaded Screen Out notice from SBA, we’ll cover common errors in Guaranty Purchase packages, and what...

Screen Outs - 5 common errors in Loan Origination Packages

Lori N. McCausland

Feb 2

Screen Outs - 5 common errors in Loan Origination Packages

After our client loan reviews in 2022, many of which included Screen Outs, we realized that we often see some of the same, repeating,...

Managing your loans through times of trouble

Rebecca Mendoza

Jan 19

Managing your loans through times of trouble

Economic downturn. Changes to interest rates. You know what’s coming, right? An increase in troubled loans. Which means an increase in...

5 Tips to Erase Servicing Action Overwhelm

Lori N. McCausland

Jan 6

5 Tips to Erase Servicing Action Overwhelm

You’re drowning in details and SBA paperwork. Interest-rate changes are creating a deluge of SBA Servicing Actions. The economic slowdown...

Rebecca Mendoza

Dec 8, 2022

5 Tips on Planning for the New Year

Yes, it’s December. We’re having a hard time believing that too – the year has whizzed by – but December it is, and that means it’s...

Rebecca Mendoza

Oct 13, 2022

Past due loans? 5 Quick Tips

Sixty days goes by fast. And suddenly you have an SBA loan, or even several SBA loans, that are 60 days past due. What now? Everything...

The clock is ticking … don’t miss SBA’s deadlines!

Rebecca Mendoza

Sep 23, 2022

The clock is ticking … don’t miss SBA’s deadlines!

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,...

How to Find Time – even when there’s never enough

Rebecca Mendoza

Sep 9, 2022

How to Find Time – even when there’s never enough

Let’s face it: there’s never enough time. And there are so many SBA requirements to remember. You’re behind before you even start! Just...

Lori N. McCausland

Aug 25, 2022

Where in the world are the loan files?

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...

Checklist? We don’t need no silly checklist!

Lori N. McCausland

Aug 4, 2022

Checklist? We don’t need no silly checklist!

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

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