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Avoid Being Caught Off Guard by SBA Policies

SBA application processing and underwriting requires great attention to detail and planning to successfully navigate the SBA’s application and approval process. After submitting an application to the Loan Guaranty Processing Centers (LGPC), even the most diligent SBA professionals can be caught off guard by a “screen out” or “denial” of the loan application. In most…
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SBA Policy Changes on the Horizon

On September 28, 2018, the SBA published a proposed rule which will amend various regulations governing its business loan programs. The public commentary period was originally scheduled to expire November 28, 2018. On November 16, 2018 the SBA extended the public commentary period through December 18, 2018. A copy of the easy to read version…
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Innovative Financing Solutions Wins Philadelphia Top 100 Award!

Innovative Financing Solutions (IFS) has been recognized as a Philadelphia 100 Fastest-Growing Private Company – ranking 29th on this prestigious list. The Philadelphia 100 Award is one of the most sought after awards in the Philadelphia region. IFS’ President, Michael D. Ryan accepted the award at gala event held at The Crystal Tea Room in…
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The New SBA Form 159: Simplified and Consolidated for Efficiency

On September 14, 2018, the Small Business Administration (SBA) announced the update and release of SBA Form 159, “Fee Disclosure and Compensation Agreement.” This updated form is designed to simplify the collection of information by combining the currently utilized SBA Form 159 (7a) and SBA Form 159 (504) into one comprehensive document titled “SBA Form…
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