Aug 1, 2008 - SOP 50-10(5). Lender and Development Company. Loan Programs. U.S. Small Business Administration. Office of Financial Assistance ..... The Lender initiates the loan to a small business and, if the SBA agrees to guaranty the loan, the. Lender ..... highest degree of SBA management oversight. (72 FR ...
U.S. Small Business Administration Office of Financial Assistance
SOP 50 10 (5)
TABLE OF CONTENTS
SUBPART A ……………………………………………………………………………
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PURPOSE OF THIS SUBPART ……………………………………………………… 7 CHAPTER 1 - 7(A) Lenders ……………………………………………………………… 7 1. THE 7(A) LOAN PROGRAM …………………………………………………… 7 2. BECOMING A 7(A) LENDER …………………………………………………… 7 3. HOW SBA OVERSEES 7(A) LENDERS ………………………………………… 15 4. TYPES OF 7(A) LENDERS ……………………………………………………… 19 a. Certified Lenders Program………………………………………………… 19 b. Preferred Lenders Program………………………………………………… 24 c. SBA Express Program……………………………………………………… 35 d. Pilot Loan Programs……………………………………………………….. 46 CHAPTER 2 – SMALL BUSINESS LENDING COMPANIES ………………………… 51 1. A SMALL BUSINESS LENDING COMPANY .......................................... …….... 51 2. PROCESS FOR APPLYING TO BECOME AN SBLC …………………………… 51 CHAPTER 3 – CERTIFIED DEVELOPMENT COMPANIES ..…………………………. 54 1. THE 504 LOAN PROGRAM ……………………………………………………… 54 2. BECOMING A CDC ……………………………………………………………… 54 3. PROCESS OF APPLYING TO BECOME A CDC ………………………….……. 61 4. SBA OVERSIGHT OF CDCS …………………………………………………….. 62 5. TYPES OF CDCs ………………………………………………………………….. 67 a. Priority CDCs………………………………………………………………. 67 b. Accredited Lenders Program (ALP)...……………………………………… 70 c. Premier Certified Lenders Program (PCLP)……..………………………… 72 6. AREA OF OPERATIONS ………………………………………....…………………76 a. Case-by-case ........................... …………………………………………….. 76 b. Local Economic Area (LEA) Expansion .......................... …………………. 76 c. Multi-State Expansion .......................... ……………………………………. 78 SUBPART B ………………………………………………………………………………. 81 PURPOSE OF THIS SUBPART …………….................…………………………………. 81 CHAPTER 1 – GENERAL DESCRIPTION OF THE 7(A) LOAN PROGRAMS …........ 81 1. VARIOUS DELIVERY METHODS.....…………………………………………. 81 2. USE OF LOAN PROCEEDS................................................................................... 81 Effective Date: August 1, 2008
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SOP 50 10 (5)
3. SUMMARY OF DELIVERY METHODS AND PILOT LOAN PROGRAMS…………………………………………………….……................81 4. CHARTS DESCRIBING VARIOUS SPECIALIZED PROGRAMS AND REQUIREMENTS..................................................................................... 82 5. SPECIAL PURPOSE LOANS.............................................................................. 87 6. DEFINITIONS APPLICABLE TO THE 7(A) LOAN PROGRAMS.................. 87 CHAPTER 2 – ELIGIBILITY FOR 7(A) GUARANTY ………………………………… 88 1. 2. 3.
INTRODUCTION …………………………………………………………………88 SUMMARY OF ELIGIBILITY REQUIREMENTS …………………………….. 88 ELIGIBILITY REQUIREMENTS ……………………………………………….. 89 a. Must be Organized for Profit.........................................................................89 b. Must be Small under SBA Size Requirements .............................................89 c. Must Demonstrate a Need for a Guaranty on the Loan ................................96 d. Ineligible Types of Businesses .....................................................................100 e. Businesses Owned by Non-US Citizens ..................................................... 116 f. The Eligible Passive Company Rule .......................................................... 119 g. Special Requirements for loans in the National Register of Historic Places 122 h. Additional Requirements for Pilot Loan Programs .................................... 122 i. Additional Eligibility Requirement for SBLCs ........................................... 124 j. Additional Eligibility Requirement for EWCP ............................................. 124 k. Additional Eligibility Requirement for CAPLines ....................................... 124 4. ELIGIBLE USE OF PROCEEDS............................................................................ 126 CHAPTER 3 – LOAN TERMS & CONDITIONS ……………………………………. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Apr 1, 2011 - SBA 7(a) and 504 programs have assisted more than 19,000 small businesses in FY 2011. ... economic potential of wind energy in ..... assistance during seasonal cash flow slumps, and payments to transition to new types of.
Apr 1, 2011 - entrepreneurship, increasing small business exports, and much more. On that note, we would like ..... Total Number of SBA Loans Made to More ..... The Recovery Act also provided $800 million to farmers and ranchers whose.
Apr 1, 2011 - entrepreneurship, increasing small business exports, and much more. ...... computers, software, and accessories to increased the ...... minority women, with minority women-owned firms accounting for more than half of.
or obligations on the Federal Deposit Insurance Corporation (FDIC) and U.S. Small Business ... United States government. ..... Community colleges list their.
Small Business Profile: Montana, Page 1. Published in February 2013 by the U.S. Small Business Administration, Office .... Forestry, etc. and agriculture support.
set forth at 13 CFR part 121, are used to determine eligibility for all SBA and Federal ... SBA's size rules also apply to small business loan programs and grant ... Example: The contracting officer assigns NAICS code 541519, Other Computer.
in any of these areas is required, the services of a qualified professional should ..... Performing an analysis of your business's internal strengths and weaknesses.
Service Disabled Veteran Owned Small Business ... Chief Acquisition Officer, Senior Procurement Executive, senior program managers, and OSDBU Director).
