Report 8-08 – UPS Capital Business Credit’s Compliance with Selected 7(A) Lending Requirements
… by participating lenders and purchases the guarantees upon loan default. Lenders are required to comply with SBA' s … originating, servicing, and liquidating the loans. When a loan defaults, the lender submits a request that SBA honor … for documenting: borrower equity injection, use of loan proceeds and qualifications for debt refinancing. We had …