James Tibert

SBA Debt Relief Payments: The Latest Revisions Explained & What They Mean for Lenders

Over the last year, legislation has been passed to support businesses negatively impacted by the pandemic and to provide benefits to SBA borrowers.  One significant piece of legislation was Section 1112 of the CARES Act passed in March of 2020, which provided payment relief to small businesses.  Section 1112 provided $17 billion of “debt relief …

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SBA Loan Outsourcing: 3 Things Your Institution Should Consider in 2021

The 2021 SBA lending program enhancements and payment subsidies have changed how many lending institutions are approaching traditional SBA lending. If your institution is new to the space or has many years of SBA experience, there are numerous benefits of the program that could lead to large increases in SBA lending activity: 90% guarantee until …

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9 Ways Your Financial Institution Will Benefit from Changes to the SBA 7(a) Loan Program in 2021

As part of the Coronavirus Aid Relief and Economic Security (“CARES”) Act passed last March, the SBA’s Paycheck Protection Program (“PPP”) helped get funds into the hands of more than 5 million businesses in dire need of a lifeline in the midst of the COVID-19 crisis. With the pandemic continuing to surge heading into 2021, …

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OCRM Audits: 3 Tips for Success with SBA Program Compliance

Significant SBA 7(a) loan growth in recent years has the attention of Capital Hill.  Though Congress continues to appropriate adequate funds to the program, the continued support has brought a demand for increased oversight of the program and its lenders. The Office of Credit Risk Management (OCRM) is tasked with this oversight requirement and recent …

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