sba lender s advantage loan guaranty program l.
Download
Skip this Video
Download Presentation
SBA Lender’s Advantage Loan Guaranty Program

Loading in 2 Seconds...

play fullscreen
1 / 11

SBA Lender’s Advantage Loan Guaranty Program - PowerPoint PPT Presentation


  • 236 Views
  • Uploaded on

SBA Lender’s Advantage Loan Guaranty Program. Oklahoma District Office June 2008. Topics to Be Covered. Characteristics/Benefits of the Lender’s Advantage Loan Program Overview of Application Requirements and Associated Forms Other News Contact Information. Lender’s Advantage.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'SBA Lender’s Advantage Loan Guaranty Program' - denali


Download Now An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
sba lender s advantage loan guaranty program

SBA Lender’s AdvantageLoan Guaranty Program

Oklahoma District Office

June 2008

topics to be covered
Topics to Be Covered
  • Characteristics/Benefits of the Lender’s Advantage Loan Program
  • Overview of Application Requirements and Associated Forms
  • Other News
  • Contact Information
lender s advantage
Lender’s Advantage

7a Loans up to $350,000

Simplified Application

3-5 Day Loan Processing

lender s advantage4
Lender’s Advantage
  • Specifications:
  • Fillable PDF application can be transmitted by fax or email
  • Simplified SBA loan eligibility checklist for lenders use
  • Specialized eligibility assistance through SBA’s Standard 7a LGPC Help Desk
  • Training from Oklahoma District Office on SBA loan requirements and processes
lender s advantage5
Lender’s Advantage
  • SBA’s 85/75 percent guaranty mitigates your risk, allowing you to offer credit to newer, less secure businesses
  • The guaranteed portion of an SBA loan can be sold to an investor to maintain your liquidity and enhance your yield
  • Guaranty fee can be taken as a direct tax credit by lender or borrower on Oklahoma state tax return
application forms
Application Forms

REQUIRED

  • 2301A, Small Business Application for SBA Guaranteed Loan
  • 2301B, Lender’s Application for Guaranty
  • 2301C, Eligibility Questionnaire
  • Lenders Credit Memorandum
  • Supporting Documentation as indicated in Forms 2301 A, B, and C

REQUIRED IN CERTAIN CASES

  • 159, Fee Disclosure Form (for packaging by Agent)
  • 912, Statement of Personal History (regarding past legal charges)
  • 4506T, Request for Transcript of Tax Return (existing businesses corporate returns) to IRS
  • G-845, Document Verification Request (for non-citizens) to CIS
tier 1 loan
Tier 1 Loan

Lender’s Credit Memo should address the following at a minimum:

  • History and nature of the business
  • Cash flow relative to debt service
  • Management experience of principal(s), particularly in the industry, financial condition of business, nature of competition
  • Balance sheet including requested loan funds and equity injection
  • Collateral adequacy (using SBA liquidation values)
  • Explanation/Justification for refinancing any debt as part of loan request
  • Discussion of credit analysis, including lenders rationale for recommending approval
  • Any other relevant information
  • Up to $150,000
  • Existing Businesses only
  • No Change of Ownership or Judgments/Bankruptcy filings
tier 2 loan
Tier 2 Loan
  • Lender’s Credit Memo should address the following at a minimum:
  • 8 items under Tier 1 plus:
  • Analysis of working capital adequacy in next 12 months
  • Analysis of cash flow to include historical/projected cash flow covering debt service after SBA loan
  • Discussion of any that apply: a) seller financing b) stand by agreements c) 90+ day delinquency d) trade disputes
  • For change of ownership, include business valuation
  • Discussion of bankruptcy filings and judgments
  • Any loan amount up to $350,000 including:
  • New Businesses (2 years or less)
  • including Change of Ownership
  • Businesses that have had judgments/bankruptcy filings
  • $150,001 to $350,000
  • Existing Businesses
  • No Change of Ownership, Judgments/Bankruptcy filings

OR

assistance with eligibility
Assistance with Eligibility

Loans with complicating eligibility factors such as affiliates, refinance, citizenship, excess personal resources should consult SBA at 916-735-1515 x4368 or 7aquestions@sba.govafter completing Form 2301 Part 3.

other news
Other News
  • The New Effective Date for SOP 5010(5) is June 15 (changed from May 1, 2008)
  • Simplified Application Process for Credit Unions
  • Local Training on Servicing and Purchase Processes Scheduled for July
  • Mid America Lender’s Conference set for August 11-13 in San Antonio, Texas
contact information
Contact Information

Standard SBA Form Page: www.sba.gov/banking

OKDO website: http://www.sba.gov/localresources/district/ok/index.html

SOP 50-10(5): www.sba.gov/aboutsba/sbaprograms/elending

Eligibility Assistance: SBA Sacramento Loan Processing Center

7aquestions@sba.gov or 916-735-1515 x4368

Loan Requirements and Processes: Oklahoma District Office

cindi.anderson@sba.gov or 405-609-8018

sandra.ransome@sba.gov or 405-609-8019

Mid America Lenders Conference: www.malc-conference.com