Innovative Financing Solutions
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Monthly Archives: August 2018

My SBA 7(a) Borrower is Heading Toward Liquidation – What’s Next?

Lenders should always make a good faith effort to help delinquent Small Business Administration (SBA) 7(a) borrowers bring their loan current by considering potential workout strategies. However, in some cases a workout strategy may not be feasible and the immediate next step is liquidation. It is incumbent upon lenders to prepare for liquidation as proactively…
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SBA 7(a) 10 Tab Guaranty Purchase Process – Common Questions

The Small Business Administration (SBA) Guaranty Purchase process was developed by the SBA to evidence a participating lender has originated, closed, serviced, and liquidated a loan in accordance with SBA requirements and prudent lending practices before honoring the guaranty. The components of the 10 Tab Package should be understood by all levels of a lender’s…
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