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SBA Hot Topic Tuesday — Sample CAIVRS Disclosure Form

March 6, 2018

By Bob Coleman
Editor, SBA Hot Topic Tuesday

SBA Hot Topic Tuesday — Sample CAIVRS Disclosure Form

From SOP 5010 (J), page 109

h) All Lenders must inform the Applicant that if the small business defaults on the SBA-guaranteed loan and SBA suffers a loss, the names of the small business and the guarantors of the SBA-guaranteed loan will be referred for listing in the CAIVRS database, which may affect their eligibility for further financial assistance.

And, SOP 5010 (J), page 284

g) All CDCs must inform the Applicant that if the small business defaults on the SBA-guaranteed loan and SBA suffers a loss, the names of the small business and the guarantors of the SBA-guaranteed loan will be referred for listing in the CAIVRS database, which may affect their eligibility for further financial assistance.

The problem is SBA has yet to update its forms, so lenders must prepare their own disclosure form.

In the interim, please feel free to use the attached prepared by Lace Sexton, Coleman training and webinar instructor.

Click here for the CAIVRS Disclosure Form!
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Be sure to participate in Coleman’s annual SBA professional lender compensation survey. You will receive a free report for your job category. Deadline is March 10. The report will be available March 31.

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