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- Who is eligible for E-tran?
- What is the maximum interest rate?
- Isn’t floor plan financing available through GMAC?
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- Are there some servicing actions that must receive prior approval by SBA?
- Does SBA have to approve these payment modifications?
- Can payment modifications be made to loans sold on the Secondary Market?
- What provisions of SBA’s SOP address these payment modifications?
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GO Loan Pilot Program
The U.S. Small Business Administration launched the Gulf Opportunity Loan (GOLoan) Program in 2005 as a one year pilot to expedite small business financing to those 59 counties severely impacted by Hurricanes Katrina and Rita. The Agency provides its full guaranty and streamlined and centralized loan processing to qualified lending partners that agree to make expedited SBA 7(a) loans available to small businesses located in the designated counties. The program has been extended each fiscal year since its inception and is currently scheduled to expire September 30, 2011.
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View SBA Procedural Notice 5000-1124: Gulf Opportunity Pilot Loan Program View SBA Procedural Notice 5000-1125: Gulf Opportunity Pilot Loan Program Waiver of Personal Resources Test View SBA Procedural Notice 5000-1126: Process...
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Small businesses in the following parishes and counties are eligible to apply for GO Loans: ALABAMA Alabama Baldwin Bibb Choctaw Clarke Dallas Escambia Fayette Greene Hale Jefferson Lamar...
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Gulf Opportunity Pilot Loan Program Reference Documents and Forms GO Loan list of eligible parishes and counties Procedural Notice 5000-1124: Gulf Opportunity Pilot Loan Program Procedural Notice 5000-1125: Gulf Opportunity...
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