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Are there some actions that the lender can take unilaterally first and then tell SBA after the fact?

Answer: 

Yes, the following unilateral actions may be taken unilaterally but the lender must also notify SBA so SBA may update its accounting records:

  • Loan cancellations.
  • Decrease in loan amount.
  • Changes of maturity.
  • Changes of business name and address.
  • Extensions of disbursement periods.
  • Notice of prepayment.
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