The purpose of this Notice is to inform 7(a) Lenders, Certified Development Companies (CDCs), together known as “SBA Lenders,” SBA employees, and Applicants and Borrowers of the 7(a) and 504 Loan Programs of the issuance of Standard Operating Procedure (SOP) 50 10 7, Lender and Development Company Loan Programs. Should you have any questions about […]
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Implementation of the Final Rule on Affiliation and Lending Criteria for the SBA Business Loan Programs (88 FR 21074, effective May 11, 2023) and raising of the maximum loan amount for 7(a) Small loans Read our key takeaways from the May 2023 SBA Procedural Notices. Should you have any questions about the changes in the
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Implementation of Removal of the Loan Authorization in accordance with the Final Rule on Small Business Lending Company (SBLC) Moratorium Rescission and Removal of the Requirement for a Loan Authorization (88 FR 21890, effective August 1, 2023) In order to accommodate system updates, for the 7(a) Loan Program only, the SBA revised Notice 5000-846991 to
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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
This article is excerpted from The Windsor Advantage Mid-Year Lending Report, a market outlook for government-guaranteed lenders. Lenders that can adapt to processing higher quantities of smaller loans may be better prepared for the future landscape of SBA lending based on 2022 behavior and data. A key initiative for the SBA in 2022 is increasing
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This article is excerpted from The 2022 Mid-Year Lending Report, our annual forecast of key market dynamics based on the best data available at the time of publication. Download your copy to access the full report of SBA insights from experienced industry leaders. SBA 7(a) Secondary Market Outlook Secondary market conditions are unlike anything we’ve
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