New to the SBA space? In addition to the popular 7(a) Loan Program, SBA offers a number of financing programs for SMB owners dependent on eligibility. The below chart was recently shared by SBA. This chart outlines a high level overview of the latest eligibility requirements and loan proceed amounts available for each SBA financing …
PDF Download: Overview of SBA Loan Guaranty Programs for FY 2024 Read More »
in partnership with Ben Clark, FHN Financial and Matt Saslawsky, Windsor Advantage GGL Sales Associate In this report: key themes of SBA secondary market performance in 2023, factors shaping the outlook for 2024, and the ripple effect of recent SOP changes that lenders should watch. I. Overview of 2023 SBA Loan Secondary Market Performance: SBA …
2023 SBA Secondary Market Premiums: Market Outlook Read More »
Download SBA Procedural Notice 5000-855070, regarding the adoption of SBA Alternate Size Standards, effective March 5, 2024.
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.
Procedural Notice 2024-02776, Final Rule Amendment to Size Standards, is effective March 18, 2024.
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 »
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