Increasing Payment Assistance Requests?
Our friend and colleague Doug Hood has been an SBA consultant and small-business advocate for over 27 years and has won many awards and...
Rebecca Mendoza
Jan 24, 2024
SBA publishes new forms – but beware!
Did you notice the new notice? We’d like to draw your attention to the Information Notice SBA released at the end of December (when you...
Lori N. McCausland
Jan 9, 2024
What’s Up with Universal Purchase Packages (UPPs)?
Getting the guarantee purchased is important; that’s not new news! What is news is that the new Universal Purchase Package, or UPP, is...
Lori N. McCausland
Dec 21, 2023
Look out – here comes 2024!
It’s been a lot these last few months. Three new SOPs from SBA (50 10 7, 50 57 3, and the updates in 50 10 7.1). Inflation (mercifully...
Rebecca Mendoza
Dec 11, 2023
New Litigation Requirements!
Do you litigate? Quick answer: yes, you do – and if you haven’t yet, someday you will when a Borrower declares bankruptcy, or there’s...
Rebecca Mendoza
Nov 28, 2023
Non-delegated Lender? Slow down to speed up your 7(a) loans!
Ever driven past someone stopped for speeding? We all have. (Note: we’re not asking if you’ve ever been stopped for speeding!) We speed...
Lori N. McCausland
Nov 3, 2023
SBA Lending: Systems and Process
Whether you’re thinking about starting or expanding your SBA Lending department, or simply updating it based on new SOPs, a key factor is...
Lori N. McCausland
Oct 26, 2023
On a Different Note - Managing Stress
There’s no shortage of things causing stress in life, at work – and as an SBA Lender. Yikes. Let’s just look at recent concerns about...
Rebecca Mendoza
Oct 11, 2023
Changes to Equity Injection Under the New SOP
SBA is cheerfully categorizing the changes in its recently-released SOP 50 7 3 as “improvements” – which they may well be, but Lenders...
Lori N. McCausland
Sep 27, 2023
Delinquent Loans: Eight Potential Problems
Our last article discussed Post-Purchase Packages – the documentation required from Lenders by SBA for loans sold on the secondary market...
Lori N. McCausland
Sep 13, 2023