April 22, 2014

By Bob Coleman
Editor, Coleman Report

SBAForm1502SBA Hot Topic Tuesday—SBA Program Changes Now Official

The personal resource test is officially gone. The nine-month exclusion rule for 504 loans is gone. And CDCs must now operate as a real business.

J.D. Harrison of the Washington Post offers this nice recap.

Updated SBA Forms

Secondary Participation Guaranty Agreement (Updated 4/21/14)

Guaranty Loan Status & Lender Remittance Form (Updated 4/16/14)