Your SBA Team’s Hidden Staffing Risk
Who’s your go-to SBA expert?
Every SBA Lender has one. The person everyone relies on. The person who knows everything about how things are done. The one who knows the ins-and-outs of SBA Form 1502 reporting, what happened on that weird loan two years ago, and instantly understands the impact of the latest SBA SOP updates or SBA Notice.
They’re the backbone of your Lending team. They’re experienced, dependable, and invaluable.
And – as you may have gathered from the title of t
Lori N. McCausland
Oct 6
The 1502 Gap
The SBA Form 1502 report may be everyone’s least-favorite aspect of SBA 7(a) lending.
It’s a source of anxiety for both the SBA 1502 expert on your team as well as your senior management.
Your 1502 worker-bees know it’s the mechanics of the SBA Form 1502 report where the problems start – missing reconciliations, inconsistent timelines, unsupported recoveries, and so on. Researching these issues is time-consuming, frustrating, and anxiety-producing. We’ve heard people calling
Lori N. McCausland
Jun 1