More Changes in the SBA Process

 

SBA has implemented a 10-Tab format for the application process.      Effective November 2011 SBA is requesting Lenders and Packager to submit electronic applications using the new 10-Tab format.  When organizing your files in a similar fashion it will also make for a quick conversion to the 10-Tab system for a Guaranty Purchase Request too. 

sbaSTRATEGIES can help make the process even easier for you.  We will package the loan for you, increasing your chances of a quick-turn around and approval of your SBA application.  sbaSTRATEGIES has the expertise and tools necessary to make the process enjoyable.

SBA also has a new Eligibility Checklist to include the SOP changes that became effective October 1, 2011.

For non-delegated lenders, SBA now has a new process for requesting changes to the SBA Authorization post approval.  All modification requests through the time of final disbursement should be e-mailed to 7aLoanMod@sba.gov; request must include the name of the lender, name of lending officer, phone number, fax number, name of borrower, SBA Loan number and the change requested.  Then change request should include the current requirement, what it would be changed to and reason for change.  Include and supporting documentation necessary.  After final disbursement, modification requests must be sent to the appropriate CLSC.