Posts Tagged ‘SBA Hot Topic Tuesday’
SBA Hot Topic Tuesday – Revised Procedures for Fingerprint Background Checks for SBA Business Loans
July 30, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – Revised Procedures for Fingerprint Background Checks for SBA Business Loans As of July 25, 2019, SBA will now require all FBI fingerprint background checks, in connection with SBA 7(a) and 504 business loans, to be submitted electronically. To…
Read MoreSBA Hot Topic Tuesday – SBA Proposes Modification for Calculation of Annual Average Revenues for Small Businesses
July 2, 2019 By Mary Miller Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – SBA Proposes Modification for Calculation of Annual Average Revenues for Small Businesses The SBA has announced a proposal to modify the method of calculating annual average revenues as they are used to determine small business size standards. The…
Read MoreSBA Hot Topic Tuesday — SBA 7(a) Fees Exceed Guaranty Payments to Lenders by Over $1 Billion the Last 4 Years
June 11, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA 7(a) Fees Exceed Guaranty Payments to Lenders by Over $1 Billion the Last 4 Years I want to start an industry-wide discussion about SBA’s budget. The problem is the Administration has inserted a $99 million line-item in SBA’s…
Read MoreSBA Hot Topic Tuesday — PayPal is Officially a Small Business Lending Giant
May 14, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — PayPal is Officially a Small Business Lending Giant From Steven Anderson — paymentweek.com Depending on who you talk to, PayPal is either the top of the heap in small business lending or just fairly near to it. That’s an…
Read MoreSBA Hot Topic Tuesday — Lenders No Longer Can Approve Changes in Ownership for 12 Months After Final Disbursement
April 30, 2019 By Bob Coleman Editor, Main Street Monday SBA Hot Topic Tuesday — Lenders No Longer Can Approve Changes in Ownership for 12 Months After Final Disbursement SBA Lenders may no longer unilaterally approve any adjustment to or change in the ownership of a Borrower, including a change in percentage of ownership, for…
Read MoreSBA Hot Topic Tuesday — Top 7 Questions Asked By Distressed SBA Borrowers
April 23, 2019 By Jason Milleisen Founder of Distressed Loan Advisors SBA Hot Topic Tuesday — Top 7 Questions Asked By Distressed SBA Borrowers 1) Can my SBA loan be settled? In general, the SBA will consider settlement offers when it’s warranted. Whether they will consider YOUR settlement offer will depend a variety of factors.…
Read MoreSBA Hot Topic Tuesday — Top Seven Risk Management Considerations from the Latest SBA SOP 50 10 5 (K) Updates
April 16, 2019 By Janet Annan and Joseph Bonin Partner Engineering Contributors, SBA Hot Topic Tuesday Top Seven Risk Management Considerations from the Latest SBA SOP 50 10 5 (K) Updates The SBA recently released its new SOP 50 10 5(K) policy, which becomes effective April 1, 2019. The new guidance and updated changes will…
Read MoreSBA Hot Topic Tuesday — Coleman 2019 SBA BDO Winners!
March 19, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Coleman 2019 SBA BDO Winners! Congratulations to our eight Coleman 2019 SBA BDO Winners! This year’s winners: Matthew Mapes Arizona Business Bank Ray Drew Ready Capital Corp Kathleen Kelly Webster Bank Marie Askew BBVA Compass Barbara Arena Granite State Development Mark…
Read MoreSBA Hot Topic Tuesday — Linda McMahon’s State of SBA Address
March 5, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Linda McMahon’s State of SBA Address SBA Administrator Linda McMahon’s blog post on her two year anniversary of service . . . . . . Two years ago today, I had the distinct honor of being sworn in as…
Read MoreCORRECTED: SBA Hot Topic Tuesday — OIG Estimates $28 Million in Improper 7(a) Guaranty Purchases in FY17
May 15, 2018 CORRECTED: SBA Hot Topic Tuesday — OIG Estimates $28 Million in Improper 7(a) Guaranty Purchases in FY17 This corrected version corrects an embarrassing typo highlighted below. By Bob Coleman Editor, SBA Hot Topic Tuesday Last year SBA purchased $661 million in 7(a) guaranties from lenders. OIG estimates 4.3% of purchases were “improper”…
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