Posts Tagged ‘SBA Federal Register’
A Coleman Special Report — Lenders May Rely on Borrower Representations for PPP Loans Less than $50,000
By Bob Coleman Editor, Coleman Report A Coleman Special Report — Lenders May Rely on Borrower Representations for PPP Loans Less than $50,000 Effective October 14: The lender does not need to independently verify the borrower’s reported information if the borrower submits documentation supporting its request for loan forgiveness and attests that it accurately verified…
Read MoreSBA Hot Topic Tuesday—A New Lender Risk Rating System
April 29, 2014 By Bob Coleman Editor, Coleman Report 1) New Lender Risk Rating System This notice implements changes to the Small Business Administration’s (SBA’s) Risk Rating System. The Risk Rating System is an internal tool to assist SBA in assessing the risk of the SBA loan operations and loan portfolio of each active 7(a)…
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