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One of the most important requirements of SBA lending relates to the lender’s monthly reporting requirements utilizing SBA Form 1502, Guaranty Loan Status & Lender Remittance Form. This form includes loan status information for all SBA guaranteed loans, regardless of whether the borrower made a payment in the current month. Lenders must submit these completed…

Many community banks have seen their deal pipelines grow over the past several years as the effects of the recession and lending meltdown have faded. Today, new financing opportunities are abundant, and many lenders need to do little more than answer the phone to find a business owner in need of financing. Nevertheless, it is…

Changes in the SBA’s SOP – An Expert’s Guide Though the Maze (Part 2) Having identified and examined changes to the Small Business Administration (SBA) Standard Operating Procedures (SOP) in Part 1 of this article series (published in December 2017), Part 2 will explore additional changes Innovative Financing Solutions believes both lenders and borrowers should understand when…

As we begin 2018, the IFS team pauses to reflect upon our many successes achieved, and the challenges we have overcome over the past nine years. More importantly, we take the time to thank our valued customers for the opportunity to be of service, and are grateful for the many fine business relationships we have…