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Top Ten Reasons SBA GP Loan Submissions Get Screened Out

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March 20, 2013

By Bob Coleman
Editor, Coleman Report

Gina Rodgers, Manager of Training & Personnel Development, banc-serv PARTNERS, LLC gives us the top ten reasons GP loans get screened out.

1. Repayment ability not demonstrated
2. Not pledging adequate available collateral
3. Line of Credit information
4. 912 information lacking/incomplete
5. Lack of Affiliate Information
6. Incomplete SBA Form 4
7. Business valuation information lacking
8. Interest rate adjustment period lacking
9. Lack of Proforma Balance Sheet
10. No SBA Form 4-i

View the Top Ten Reasons GP Loan Submissions Get Screened Out

Recorded during Coleman’s Webinar: “Best Practices in Preparing the SBA 7(a) GP Loan Package” on March 19, 2013.

 

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