Author Archives: Tonda

SBA SOP recent changes

By now you have heard that the SBA released a new SOP (Standard Operating Procedure) document in May. The purpose of this email is to highlight a few of the more important changes to make you aware of them.¬†Of course, … Continue reading

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SBA Debarment Rules

Per SBA regulations, 13 CFR 103.2, SBA may not do business with any individual or entity that is debarred under the SBA or Government-wide debarment regulations. In this regard, SBA is now requiring that Lenders check all of their referral … Continue reading

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SBA Lending Opportunity

Are you looking for ways to increase your SBA 7(a) production? One industry that you might not have considered is Poultry. As you drive across the countryside you will notice that the poultry industry is rapidly expanding. New projects are … Continue reading

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Don’t Let Pricing Lose the Deal

The secondary market continues to offer very attractive premiums for the sale of the guaranteed portion of SBA 7(a) loans. Below are some recent quotes including two “non-traditional” pricing scenarios. Anything other than Prime+ floating adjusted monthly or quarterly is … Continue reading

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Documenting Equity Injection for an SBA 7(a) Loan

Most loans for the purchase of business assets, i.e., real estate, equipment, an existing business, etc. require that the borrower provide some sort of cash equity injection or down payment. SBA is very particular in this regard and the amount … Continue reading

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Happy New Year!

    On January 1, 2014, SBA’s new SOP (Standard Operating Procedure) 50 10(F) became effective for all loans approved on or after that date. Below we have summarized some of the more important changes. Many of the new policies … Continue reading

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Premiums for SBA 7(a) fixed rates vs. variable comparison

We were recently asked to get an idea of what premiums might be on fixed vs variable rate loans for a client so I thought I’d share that information with you. The numbers highlighted below represent the range of bids … Continue reading

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SBA Lending Has Another Great Year!

SBA recently released loan data for fiscal 2013 revealing that the agency had experienced the third largest lending year in SBA history. SBA approved more than 54,000 loans representing $29.6 billion. This was the agency’s third highest year. The second … Continue reading

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Where Can I Find SBA Loans?

Did you realize that almost all business loan requests are potential SBA 7(a) loans. Unless the company is not for profit or the request is investment or speculative in nature the loan usually can be made under the 7(a) program. … Continue reading

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Record Breaking Premium!!!!!

Small Business Resource Associates recently facilitated an SBA 7(a) loan for a community bank in Georgia resulting in a record premium of 19.955%. The loan was for the purchase of commercial real estate in the amount of $780,000, 25 year … Continue reading

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