SBA & USDA Lending Solutions
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Resources
Windsor Advantage covers SBA and USDA market topics in several types of news – from our SBA and USDA blog and case studies to webinars and white papers.
PDF Download: Overview of SBA Loan Guaranty Programs for FY 2024
New to the SBA space? In addition to the popular 7(a) Loan Program, SBA offers a number of financing programs for SMB owners dependent on eligibility. The below chart was recently shared by SBA. This chart outlines a high level overview of the latest eligibility requirements and loan proceed amounts
2023 SBA Secondary Market Premiums: Market Outlook
in partnership with Ben Clark, FHN Financial and Windsor Advantage’s Matt Saslawsky In this report: key themes of SBA secondary market performance in 2023, factors shaping the outlook for 2024, and the ripple effect of recent SOP changes that lenders should watch. I. Overview of 2023 SBA Loan Secondary Market
Equity Injection Requirements for SBA Loan Underwriting (Updated for 2024)
This article explains the SBA SOP 2023 changes to equity injection verification for SBA loans, and provides best practices for further developing an internal equity injection policy for SBA lending in 2024. SOP 50 10 6 provided clear guidance on eligible versus ineligible sources of equity, and included very strict
SBA SOP Education: Policy Exceptions for Lease Terms
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 end before the term
3 Strategies for Leveraging an SBA Lender Service Provider (LSP)
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.
9 Lesser-Known SOP Changes
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 injection source and verification,
“Do What You Do”: Adapting to the 2023 SBA SOP Changes
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 give lenders more flexibility
New 2023 SBA Procedural Notices: Key Takeaways for Lenders
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 the latest SBA SOP
Final Rule Affiliation and Lending Criteria: Changes to the SBA Business Loan Programs in 2023
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 outlined here. The changes