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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. … -
Goodbye 2020, Hello 2021! SBA is Here for Your Small Business in the New Year
… with reasonable rates and terms, contact your local SBA Lender to see if you are eligible for SBA programs. SBA works … work best for you. The guarantee is conditional on the lender following SBA program requirements. Just like with any … started securing an SBA-guaranteed loan by using Lender Match , SBA’s free online referral program that connects … -
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 … -
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 … -
Start or Grow Your Small Business This Independent Retailer Month
… increasing the likelihood that your loan will be approved. Lender Match: A free online referral tool, Lender Match connects small businesses with more than 800 … -
How to do a Practical Lean Business Plan in Four Easy Steps
… as a reminder, to help prioritize. Step Two: Tactics to Match Strategy Strategy needs tactics for execution. Tactics … are looking for strategic alignment. That means tactics match strategy. That’s hard to define but easy to see when it … action steps for each of those goals. Does your pricing match your product-market mix? Do the distribution tactics … -
SBA Strengthens Small Business Community Lending Network
… government guaranty—reducing the borrower’s costs and the lender’s level of risk. SBA has approved two new CA SBLCs, … -
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 … -
How to Have A Stand Out Business Credit Application
… with any of the business credit reporting agencies then a lender will only have personal credit reports to assess … remember to be professional, prompt and responsive when a lender requests any additional information or documentation. … -
Asset-Based Lending: What is the Upside and Downside?
… if they are unable to secure funding with a traditional lender or bank. It’s important to note with asset-based … if the business fails to make the payments, the lender can take them. In this article we will explore the … secure the loan or line of credit provides security to the lender. Put valuable assets to good use A business that has … -
SBA Announces Opening of Paycheck Protection Program Direct Forgiveness Portal
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COVID-19 recovery information in other languages
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SBA guidance
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How to Access Capital for Your Veteran-owned Business
… less in capital for startup or acquisition. Tools like SBA Lender Match walk you through the process, matching you with a lender who can answer your specific needs. Qualified veterans … -
7(a) Working Capital Pilot (WCP) Program Guide
… for / August 1, 2024 Related programs: 7(a) SOP 50 10 Lender and Development Company Loan Programs SOP 50 56 1 Lender participation requirements SOP 50 57 7(a) Loan …