SBA Expense Reimbursement

October 14, 2014 | By: bancserv

It is always important to view the SBA as a partner throughout the entire life of an SBA guaranteed loan. When an SBA loan defaults, the Lender and the SBA have the same goal: to mitigate the outstanding deficiency balance as much as possible. In order to do this, there are certain actions the [...]

Read More

7(a) Fees and SBA Information Notice 5000-1318

October 08, 2014 | By: bancserv

The SBA recently released SBA Information Notice 5000-1318 regarding 7(a) and 504 Fees. As outlined in the notice, the fees are for loans that are approved October 1, 2014 through September 30, 2015. As part of an SBA yearly review, fees are assessed in order to determine if they need to be [...]

Read More

SBA Veterans Advantage and SBA Information Notice 5000-1319

October 02, 2014 | By: bancserv

The SBA just recently released an information notice on the extended fee relief for the SBA Veterans Advantage program. As outlined in the notice, the fees associated with the program are for loans that are approved October 1, 2014 through September 30, 2015. Through this notice, the SBA is [...]

Read More

New SOP 50 10 5(G) and SBA Information Notice 5000-1321

October 01, 2014 | By: bancserv

On September 25, 2014, the SBA released an information notice regarding revisions to the Standard Operating Procedure (SOP) 50 10 5 on Lender and Development Company Loan Programs. The specific revisions outlined in the notice are effective today (October 1, 2014) and will be known as SOP 50 10 [...]

Read More

Recent Posts

Get Your Free Whitepaper