Nov 15, 2010 - Agency means the U.S. Small Business Administration. 5. Approving Official means a supervisory or lead SBA staff member or SBA management official with appropriate authority to approve proposed Loan. Actions. 6. Associate of the Borrower means an officer, director, Key Employee of the. Borrower, or a ...
Office of Capital Access U.S. Small Business Administration November 15, 2010
SOP 50 51 3
Effective Date: November 15, 2010
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SOP 50 51 3
Table of Contents Chapter 1. Introduction ........................................................................................... 11 A. Purpose ...................................................................................................................................11 B. Authority ................................................................................................................................11 C. Resources ...............................................................................................................................11 1. Forms and Templates ....................................................................................................11 2. Environmental Risk Management Materials ...............................................................12 3. Tools and Quick Reference Guides .............................................................................12 Chapter 2. Definitions ............................................................................................. 15 A. Introduction ...........................................................................................................................15 B. General Terms .......................................................................................................................15 C. Environmental Terms ..........................................................................................................26 Chapter 3. Classifying Loans in Liquidation ......................................................... 27 A. When Loans Must Be Classified in Liquidation Status ....................................................27 B. When Loans Should Be Removed from Liquidation Status ...........................................27 Chapter 4. SBA Liquidation .................................................................................. 29 A. Responsibility and Authority ...............................................................................................29 B. Performance Standards ........................................................................................................29 C. Loan Actions .........................................................................................................................29 1. Documentation Requirements ......................................................................................29 2. Rule of Two Approval ...................................................................................................29 3. Review by Legal Counsel ...............................................................................................30 4. Split Decisions.................................................................................................................32 5. Exceptions to Policy.......................................................................................................32 D. Review of Quarterly Status Reports ...................................................................................33 E. Review of Requests for Loan Action Approval................................................................33
Nov 15, 2010 - F. Treasury Department Referral for Further Collection ..................................................144. G. Credit ..... g. Financial Statement of Debtor (SBA Form 770) ...... or third-party claim against SBA or in defense of an a
May 1, 2015 - to the SBA field office the items required in paragraph 2.b) below for Non-Federally ...... discounts) of resale goods in wholesale distribution;.
for protecting the confidentiality of the user password and the 7(a) lender risk rating and confidential information and for ensuring the security of the data. See 13 ...... e) For further guidance on the LLRF, see the table at the end of this chapte
PURPOSE OF THIS SUBPART. This subpart contains the requirements for lenders and Certified Development Companies. (CDCs) to participate in SBA lending programs. This subpart also explains the different levels of delegated status SBA grants to lenders
The Small Business Applicant Must Demonstrate a Need for a Guaranty on the Loan. .......... 84. Ineligible Types Of Businesses . ...... close, service, and liquidate most SBA guaranteed loans without prior SBA review. 1. The PLP Lender ...... answeri
Dec 1, 2015 - For actions requiring SBA notification via the Center, Lenders will receive a reply ... Plans are encouraged for other loans as an aid to recovery).
Aug 31, 2017 - on business loans for customers located in counties designated as Federal ... Working capital loans to help small businesses, small agricultural.
If the DDD concurs with either your recommendation or that of the ADD/ED, the action is .... Financing Statement filings with the appropriate data input. You must:.
(1) This SOP provides 7(a), 504, and direct business loan policies to follow for servicing all loans. These policies were established based on sound lending practices derived from the experience of SBA loan servicing officials like you. On occasion,
(1) For use in planning and conducting on-site reviews or examinations; ...... For most wholesale businesses, the applicant and its affiliates cannot have more.
Chapter 1: General Description of the 7(A) Loan Programs ................................................. ...... does not appear on the Registry, the lender must review the agreement to ...... site dry cleaners in operation for more than five years
Jul 20, 2016 - For actions requiring SBA notification via the Center, Lenders will receive a reply ... Plans are encouraged for other loans as an aid to recovery).
F 50. ( F F F1 2511 F ). *** F 4,860 ***. 51 - 60. ( F F . . 2501 - 2510 ). F F. 200 4,860. 2 30 2561. F 1 2561 09.00 . ( F ). F 57. ( F F F1 2504 F ). 2 30 2561.
submission of complete and accurate loan guaranty application packages; ...... d) Professional services contracts, with the exception of those for accounting.
Loan approved by the Standard 7(a) Loan Guaranty Processing Center (LGPC) ... For the most recent version of this matrix, click here! ... Version 14 10/26/2017.