Commercial Lending

DECEMBER 19, 2023

As of August 1 st , 2023 the new Standard Operating Procedure (“SOP”) for SBA lending (Small Business Administration Loan Programs) went into effect, and there was an update that went into effect on 11/15/23 that further clarified many of the changes already included in the August update. of the normally required 10% equity.

Transactions 52

Transactions Small Businesses 52

Commercial Lending

SEPTEMBER 13, 2021

When the Cares Act was signed into law it included some permanent changes to the SBA 504 lending program. For those who are not aware what the SBA 504 program is and how it works, the SBA 504 loan program is a commercial loan program administered by the Small Business Administration (“SBA”).

Small Businesses 52

Small Businesses 52

Lendio

AUGUST 14, 2023

When it comes to small business loans, the US Small Business Administration (SBA) isn’t just a federal agency. For example, in 2017 the SBA helped connect entrepreneurs with 68,000 loans through the 7(a) and 504 loan programs alone. The SBA, on the other hand, serves as a mediator between you and a lender.

Credit and Collections 98

Credit and Collections Credit Scoring Nonprofit Organizations Default 98

Commercial Lending

SEPTEMBER 19, 2023

As of August 1 st , 2023, the new Standard Operating Procedure (“SOP”) for SBA lending (Small Business Administration Loan Programs) went into effect. There were many changes in the new SOP which impacts the SBA lending programs quite substantially. This includes any seller if their individual ownership is 20% or greater.

Transactions 52

Transactions Small Businesses 52

Commercial Lending

OCTOBER 25, 2021

Or if they are looking to refinance, “How much cash-out can I get with a refinance, namely how high a loan to value can you get me to?”. . We used this product earlier this year for one client looking to expand their tire business to allow them to buy the location they operate out of with 100% financing.

Transactions 52

Transactions Small Businesses 52

Abrigo

JULY 20, 2021

Looking to Increase SBA Loan Origination? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Want other articles like this on SBA loan origination in your inbox? Why SBA Lending? Here are five reasons, according to industry experts.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Abrigo

JULY 20, 2021

Looking to Increase Loans through the SBA? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending?

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78