Posts Tagged ‘SBA SOP’
SBA Hot Topic Tuesday — New SBA Notice Defines Prudent Liquidation Deadlines
April 12, 2016 SBA Hot Topic Tuesday — New SBA Notice Defines Prudent Liquidation Deadlines By Bob Coleman Editor, SBA Hot Topic Tuesday The U.S. Small Business Administration’s latest version of SOP 50 57 2, 7(a) Loan Servicing and Liquidation, became effective December 1, 2015. In Chapter 26 of the SOP, SBA set forth the…
Read MoreSBA Hot Topic Tuesday – New CDC Rules, Goodbye Personal Resources Test
March 25, 2014 By Bob Coleman Editor, Coleman Report SBA’s long awaited rule of eliminating the “Personal Resources Test” has finally been published. Beginning April 21, SBA lenders will no longer be required to complete the formula to determine if a borrower holds more than enough money than a SBA borrower should. This is a…
Read More