THE PATH TO A SUCCESSFUL SBA PRORGAM
Greetings!

“A journey of a thousand miles begins with a single step.” – Confucius

Let’s face it. Whether you are prepping to sell your loans, performing post closing reviews to ensure closing and funding met all SBA requirements or preparing your 1502 reports each month there are a lot of little steps you need to take. Those steps are the road map, your procedures, to get the jobs done.
LRM's SBA Notice Nook
SBA Procedural Notice 5000-829416 Revision to SOP 50 10 6 Financial Information Verification Procedures to Allow for Use of Form 4506-C or 8821 for 7(a) and 504 Loans. Issued 3/9/2022

SBA Procedural Notice 5000-830558 Additional 6-Month Deferment for SBA Covid-19 Economic Injury Disaster Loans. Issued 3/15/2022

2022 Weekly Lending Reports Issued 3/18/2022

Selling your SBA loans? Do this first!
By Rebecca Mendoza
Selling your SBA loans? It’s a fairly common thing to do.

But a whole ‘nother level of responsibility comes with sales of SBA loans, for you as the Lender, for the investor purchasing your loans, and for your communication with the SBA. Take these additional responsibilities into consideration as you update your policies and procedures.
THE LATEST NEWS FROM OUR BLOG
Is your 1502 Report in Sync or out of Sync?
By Lori McCausland
Do you have FTA sync issues that you may not be aware of?

If any of your 7(a) loans have gotten out of sync with the FTA (Fiscal Transfer Agent), you’re inevitably headed for problems.

And it’s all too easy to slide out of sync without noticing.
Those baby steps, your road map, those are key to a successful SBA program. You want to be certain you have policies and procedures in place that will make your participation in SBA Lending more efficient and productive.

Call us today to discuss how we can assist you (877) 576-0819. Follow us on LinkedIn to get our most recent blog posts or check out the Blog page on our website.  

Your Team at LRM Lender Consultants,
Lori N. McCausland
CEO
LRM Lender Consultants Inc.
484-645-3987
Rebecca L. Mendoza
President
LRM Lender Consultants Inc.
949-294-8490
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