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SBA Revokes Authority of SEM REsource Capital to Participate in the 504 Loan Program

Based upon the regulatory non-compliance grounds set forth, SBA issued a Final Agency Decision to permanently revoke SEM’s ability to participate in the 504 lending program and to require SEM to permanently transfer its existing portfolio of SBA loans to a third-party servicer acting on SBA’s behalf.  For more information, the Final Agency Decision in its entirety can be found here.