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C- Suite Wednesday — SBA 504 Loan Program Update and New Forms

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June 8, 2016

By Bob Coleman
Editor, C-Suite Wednesday

SBA Sacramento Loan Processing Center

SBA Sacramento Loan Processing Center

C- Suite Wednesday — SBA 504 Loan Program Update and New Forms

Several lenders have reached out to me expressing their frustration of SBA’ s recent email and 504 processing problems.

This is obviously a concern given the significant amount of refi applications beginning June 24th.

I want to know if the issue is widespread, or affecting an isolated few.

Please answer these quick two questions. Take the quick 15 second survey.

SBA’s recent email problems affected me:

  • Significantly
  • Some what
  • Minimally
  • No effect

SBA’s 504 Processing “outage” affected me:

  • Significantly
  • Some what
  • Minimally
  • No effect

Comments?

SBA has updated its 504 loan program forms to reflect the new debt refinance legislation. The notice and forms may be downloaded here:

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