Procedural Notice 5000-854502, regarding the expansion of SBA Direct Borrower Forgiveness Platform, is effective February 24, 2024. The SBA is now allowing all borrowers, regardless of loan size, to apply for forgiveness via the PPP Direct Forgiveness Portal. Download SBA Procedural Notice 5000-854502 below.
SBA Procedural Notice 5000-854502 Read More »
Procedural Notice 2024-02776, Final Rule Amendment to Size Standards, is effective March 18, 2024.
SBA Procedural Notice 2024-02776 Read More »
by Ethan Zallik, Director – Loan Originations & Processing 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,
Equity Injection Requirements for SBA Loan Underwriting (Updated for 2024) Read More »
Procedural Notice 5000-852522 is effective December 6, 2023. The December 2023 SBA changes in Procedural Notice 5000-852522 revise provisions in the SOP related to operating in leased space, requirements for buyouts and changes of ownership, loan maturities, and more.
SBA Procedural Notice 5000-852522 Read More »
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
SBA SOP Education: Policy Exceptions for Lease Terms Read More »
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.
3 Strategies for Leveraging an SBA Lender Service Provider (LSP) Read More »
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