Monthly Archives: December 2017

The Small Business Administration (SBA) recently released an update to its Standard Operating Procedures, (SOP) 50 10 5(J), effective January 1, 2018. The SOP establishes the SBA’s procedures for supervision of and enforcement actions for SBA’s 7(a) Lenders, Certified Development Companies (CDCs), and Microloan Intermediaries as it relates to their SBA lending operations. This article…

As banks continue to experience interest margin compression, lenders of all types are consistently seeking ways to earn non-interest fee income. This hunger for non-interest income has created numerous secondary markets for loans – including a Secondary Market for Small Business Administration (SBA) 7(a) loans. This article provides a brief overview of the criteria required…