Summary of Recent SBA Changes
SBA has issued a lot of new information in the last few weeks, creating a very real challenge for SBA teams trying to stay on top of all...
Rebecca Mendoza
Apr 7
The “Modernized” Form 1502 – an Overview
SBA is releasing what they’re referring to as a “modernized” Form 1502 and filing process – and yes, it’s a definite improvement over the...
Lori N. McCausland
Dec 19, 2024
Injection: Changes to Requirements, Evidence, & Sourcing
Equity injection has always been an integral part of SBA Lending. And it’s always been an area where errors can impact the Lender’s...
Rebecca Mendoza
Mar 12, 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
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
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
New Borrower Certification Requirements
There’s either a Technical Update or revised SOP 50 10 7 coming soon, but who knows when “soon” will be. So, “Do what you do – until we...
Rebecca Mendoza
Aug 16, 2023
SBA Says: Do What You Do!
There are a lot of changes in the new SOPs 50 10 7 and 50 57 3, and all of them are effective 8/1/2023. Yikes. That’s just a few days...
Rebecca Mendoza
Jul 24, 2023
Documenting Equity Injection – Revisited
As we’re sure you recall, we discussed documenting equity injections in an article back in August of 2021. (Yes, that was a while ago....
Lori N. McCausland
Jun 8, 2023
Where in the world are the loan files?
Remember when “file stacking” was actually a Thing? Or did I just date myself? In case that was (ahem) before your time – it used to be...
Lori N. McCausland
Aug 25, 2022
Common SBA Servicing Errors
(and what to do about them) Your SBA loan guarantee may be at risk during the eligibility, closing and funding stages if not documented...
Rebecca Mendoza
Jul 20, 2022
Components of a Great Procedure
What Makes a Great Procedure? So – you want to update (or write from scratch!) your procedures? YAY. If you’ve followed us at all, you...
Lori N. McCausland
Jun 8, 2022