Lori,

How can we tie the end of a month to what we see on the horizon? It’s not easy to predict the future!

Last month, we thought the SBA summer would be quiet – but then here we are: SBA has been busy rolling out Notices, Form updates, and a new Pilot program. We didn’t see all that coming! 🤣

SBA 7(a) Quarterly Connect Calls 2024 dates and links: Oct. 8, 2024

SBA 504 Quarterly Connect Calls 2024 dates and links: Sept. 19, 2024; Dec. 10, 2024

SBA Information Notice 5000-859184: 4th Qtr Optional Peg Rate, Direct Interest Rate & Maximum Interest Rate of a 3rd Party Lender Loan for a 504 Project issued 6/27/24

1502: Gateway User Guide issued 7/5/24



OIG Report: SBA's Guaranty Purchases for PPP Loans effective 7/9/24

SBA Information Notice 5000-857390: SBA Form 1919 Updated for Criminal Justice Reviews Final Rule effective 7/12/24

Federal Registry Notice: 7(a) Working Capital Pilot Program issued 7/12/24

7(a) Working Capital Pilot (WCP) Program Guide Effective 8/1/24 issued 7/18/24



SBA Form 2534: 7(a) Working Capital Pilot Program Addendum to SBA Form 1919 effective 7/18/24

Form 1086_Secondary Participation Guaranty Agreement Effective 8/1/2024 issued 7/18/24

SBA Loan Program Performance Reports updated 7/23/24

SBA Information Notice 5000-858936: 7(a) Fees Effective 10/1/2024 for Fiscal Year 2025 issued 7/29/24

SBA Information Notice 5000-859701: 504 Fees Effective During Fiscal Year 2025 issued 7/29/24

SBA Information Notice 5000-859410: 7(a) Working Capital Pilot Fees for Fiscal Year 2024 and 2025 issued 7/29/2024

As part of our SBA lender consulting services, we’re often contracted to complete loan reviews. Whether it’s a post-closing review, an annual portfolio review, or what we refer to as a “forensic” review (when a loan is headed toward liquidation), one of the areas with the most challenges has to do with how disbursements were documented.

All the heavy lifting in processing the loan request, underwriting the loan, and submitting for SBA guaranty approval is complete. Phew! All that’s left is to disburse the funds to the borrower, right?

Not quite. And it can get stressful.

Sometimes, a client’s annual SBA loan review uncovers a pattern.

That’s when we recommend one of our SBA lender training classes. This could be related to a specific area of concern, or our review might show a need for more general training.

Put simply: we strongly believe that SBA lender training should be considered when looking at your most-recent loan review results.

Why? Let’s look at one example.

But we can predict what we’re writing about – and that’s the power of consistency between all the different documents that make up a loan file. Stay tuned for our next article on key consistency issues followed by some tips and tricks for handling Change of Ownership loans.

And as you know – we talk a lot about the consistency of your program, and how procedures and training help you maintain that consistency. And you need to stay consistently flexible! SBA Lending will throw curve balls when you least expect it. Those curve balls don’t always fit neatly into your processes, and that’s where consistency in training kicks in. When you and your staff are well versed in the myriad aspects of SBA Lending, you’ll be prepared to handle the curveballs.



It helps to have an SBA Partner to turn to as well. Contact us to learn more. Call 877.576.0819, or reach out through our Contact form and we’ll talk!

Your Team at LRM Lender Consultants,