by Ethan Zallik, Director – Loan Originations & Processing This SBA Underwriting Quick Tip comes from the Windsor Advantage SBA Newsletter, a newsletter sharing the latest from our experts in SBA SOP Education and SBA lending trends. How do lenders handle new requirements in the SOP for borrowers in leased space with lease terms that
This article explains the types of strategic partnerships available to lenders through Windsor Advantage’s LSP model and provides guidance for selecting the best partnership for your institution’s lending goals.
by Ethan Zallik, Director – Loan Originations & Processing There has been ample discussion in the SBA space about the widespread changes implemented by the new SOP 50 10 7, effective August 1, 2023. Most people have heard of the “do what you do” concept, allowing for partial changes of ownership, updates to the equity
by Ethan Zallik, Director – Loan Originations & Processing The new SBA SOP 50 10 7 raised several questions surrounding the concept of applying to SBA loans the policies lenders would follow for “similarly-sized, non-SBA guaranteed commercial loans”. The SBA has continued to expand what is referred to as the “do what you do” concept to
by Ethan Zallik, Director – Loan Originations & Processing UPDATED: May 19, 2023 for SBA’s Delayed Implementation of Removal of SBA Authorization. Windsor Advantage will continue updating this article with the latest changes as they are announced. In early May the SBA released two procedural notices (SBA Procedural Notices 5000-846607 and 5000-846991) in anticipation of
by Ethan Zallik, Director – Loan Originations & Processing The SBA’s latest rule, published April 10, 2023, will have a material impact on SBA lenders of all sizes. This high-level overview notes key takeaways from the Final Rule before becoming effective May 11, 2023. Key Takeaways from the most recent May 2023 Procedural Notices are