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Providing Standby Letters of Credit to Your Client is Easy with SBA
… practice is for the small business to put up 100% cash collateral for the standby letter of credit amount or put a … of credit from participating lenders that only require collateral equal to 25% of the face value of the standby … -
Report 12-14: The Small Business Administration Did Not Maximize Recovery for $171.1. Million in Delinquent Disaster Loans in Liquidation
… status delinquent over 180 days and not secured by collateral, or specifically exempt from referral to Treasury, … were delinquent over 180 days which were not secured by collateral, to update its SOP and include guidance from the … -
Organization
… Opportunity Loan (EOL) Program. EOL relaxes the credit and collateral requirements for applicants living below the … -
Statement of Hon. Eric M. Thorson, Inspector General, U.S. Small Business Administration Before the Committee on Small Business and Entrepreneurship United States Senate July 25, 2007
… Funds Against Borrowers Wishes” and “Securing Collateral” We issued two audit reports on SBA’s efforts to … whether SBA took proper steps to protect its interest in collateral on secured loans. We focused on SBA’s efforts to secure collateral because, at the time of our audit, we found that … -
Biden-Harris Administration Expands SBA Pilot Program Targeting Access to Capital for Underserved Entrepreneurs
… the Community Advantage program. Simplify underwriting and collateral requirements for borrowers and lenders , including … -
With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds
… It will provide critical capital to businesses without collateral requirements, personal guarantees, or SBA fees – … payment deferred for six months 100% guarantee by SBA No collateral No personal guarantees No borrower or lender fees … -
Glossary of Business Financial Terms
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Why a Business Line of Credit May Be a Smart Choice for Your Business
… lender, then don’t apply. Finally, assess what kind of collateral you can offer since you may be required to secure … of credit. Keep in mind, not all lenders require physical collateral. They may just require that you sign a personal … -
10-06 - Audit of SBA’s FY 2009 Financial Statements- Management Letter
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SBA’s Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches
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CDC Quarterly Status Update Report
… a description of the status of the following: Obligors Collateral Work out negotiations Recoveries and expenses … -
THURSDAY: SBA Administrator to Visit Columbus for Small Business Tour & Deliver Remarks at Local Digital Alliance Event
… Month, a nationwide effort to raise awareness of the collateral consequences of criminal convictions and unlock … -
TUESDAY: SBA Administrator Visits Goucher College
… Month, a nationwide effort to raise awareness of the collateral consequences of criminal convictions and unlock … -
Audit Report 13-16R: Purchase Reviews Allowed $4.6 Million in Improper Payments on 7(a) Recovery Act Loans
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Audit Report 12-23R: 504 Recovery Act Loans were Originated and Closed in Accordance with SBA Policies
… that lacked creditworthiness; a loan approved with a collateral shortfall; and a loan approved as an existing … -
Audit of SBA's Compliance with the Debt Collection Improvement Act, as Amended
… loans with balances of more than $25,000 and secured with collateral. Consequently, U.S. taxpayers bear the full cost … -
Office of Inspector General High Risk 7(a) Loan Review Program
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Report 11-10 - Management Advisory on the Records Management and Documentation Process at the Disaster Loan Servicing Centers
… the Disaster Loan Servicing Centers , and (3) Release of Collateral by Loan Servicing Centers, which were conducted … -
Report 8-07 – Review of the Adequacy of Supporting Documentation for Disbursements
… all of the documents required to protect its interest in collateral on secured loans. The purpose of this audit was to …