SBA purchases loan from secondary market holder via Colson Services, when should lender submit docs for post-purchase review?
For loans that SBA purchases from the secondary market holder, post-purchase review documentation should be submitted within 15 days of SBA’s purchase. The earlier the documentation is submitted to SBA, the sooner the center can determine the appropriateness of the Agency’s purchase.
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Submit documents electronically to an SBA Loan Center using SendThisFile, or use the E-Tran tool for 7(a) applications.