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Reach Your Full Financial Capability with Help from the SBA
… - as you get ready to send your loan application to your lender. Community Navigators Underrepresented and underserved … online training courses here . SBA-Guaranteed Loans and Lender Match Some small business owners find that, while … the SBA makes it easy for you to access lenders via our Lender Match tool. Lender Match is a free online referral … -
Understand Your Finances and Grow Your Business
… tasks before your loan application is sent to your lender. Free online classes - For training on any small … students, retirees, and more. SBA-Guaranteed Loans and Lender Match SBA-guaranteed loans are often an ideal … SBA makes it easy for you to connect with lenders via our Lender Match tool. Lender Match is SBA’s free online … -
The SBA Takes Steps to Improve First Draw Paycheck Protection Program Loan Review
… concerns – were identified in approximately 4.7% of the lender-submitted data. These concerns will require follow-up between the lender and the borrower so that borrowers can access a second … application approvals Equipping the Agency’s field team of lender relations specialists with information so they can … -
SBA Eliminates Disastrous Biden-Era Underwriting Standards
… Administrator Loeffler said. “From slashing lender fees to destroying underwriting standards, Biden’s … or zero cost – and historically pays for itself through lender fees, which cover the costs of any borrower defaults. … Despite this mandate, the Biden Administration eliminated lender fees. It simultaneously adopted an underwriting … -
SBA Montana's Small Business Person of the Year Awards Celebration for SBA Small Business Leaders May 3rd
… Billings; Glacier Bancorp, Inc., the leading SBA 7(a) lender in Montana for number of loans, with 50 loans … First Interstate Bank, the leading dollar volume SBA 7(a) lender in Montana with 25 loans totaling $16,735,519; Big … loans totaling $8,935,000; Yellowstone Bank, the Emerging Lender of the Year for increasing their 7(a) production to 23 … -
WHAT THEY ARE SAYING: Allies Praise Biden-Harris Administration Expansion of SBA’s Community Advantage Pilot Program Targeting Access to Capital for Underserved Entrepreneurs
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Commercial Loan Service Center
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Serious Concerns Regarding the Return of Paycheck Protection Program Funds
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SBA Increases Disaster Recovery Lending for Small Businesses through Express Bridge Loan Pilot Program
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Report 16-11: Management Advisory Memorandum
… identified as part of our review. We identified that the lender did not provide sufficient information to support that … origination and closing requirements. Specifically, the lender did not comply with material SBA requirements … to an existing building. We also determined that the lender failed to address and mitigate adverse changes … -
Evaluation Report 15-09, The OIG High Risk 7(a) Loan Review Program Recommends $1.8 Million in Recoveries
… review of seven early-defaulted loans identified material lender origination and closing deficiencies that justified … transactions as high risk. We also identified material lender underwriting deficiencies (i.e. repayment ability) in … audit, we determined that SBA’s limited reviews of lender underwriting resulted in improper payments. In … -
Joint Statement by Administrator Jovita Carranza and Secretary Steven T. Mnuchin on the Success of the Paycheck Protection Program
… that need this assistance to work with an approved lender to apply. “We are fully committed to ensuring that … -
Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small Businesses, Nonprofits
… the PPP application process this week as connecting with a lender and compiling necessary paperwork can take some time. … -
Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small Businesses, Nonprofits
… the PPP application process this week as connecting with a lender and compiling necessary paperwork can take some time. … -
SBA’s Guaranty Purchases for Paycheck Protection Program Loans
… policies, and procedures; and effectively oversaw lender communication, servicing, and debt collection … the loan payment becomes more than 60 days past due, the lender should request a guaranty purchase, which is SBA’s … to Treasury. Further, SBA did not effectively oversee lender communication, servicing, and debt collection … -
ROM 10-03 – Notice of Finding and Recommendation on Recovery Act Loans Involving Change of Ownership Transactions
… waivers places him in a conflicted position of fostering lender relationships and assessing risk of loss on loans. We have repeatedly expressed our concern with lender oversight functions being organizationally placed … small business access to capital through expanding lender participation.(1) Also, we believe the current change … -
Peggy E. Gustafson, Inspector General, U.S. Small Business Administration, Before the Small Business Committee, United States House of Representatives, April 21, 2010
… 23 percent of the SBA-approved loans and 53 percent of the lender-approved loans. These problems included deficiencies … government contracts; and Fraud by loan agents and/or lender employees who seek financial gain by orchestrating … in a scheme to provide fraudulent information to a lender and SBA to approve a $1.35 million SBA-guaranteed loan … -
5 Simple Questions to Help Determine Your Business Financing Options
… of financing all require personal checks as part of the lender’s credit granting decision. With strong personal … enables you to sell any outstanding invoices to a private lender in return the lender will give you a percentage of the funds due to your … -
Omaha Entrepreneur’s Corporate Career Goes to the Dogs – And She Couldn’t Be Happier