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The first document SBA auditors review is your loan underwriting policy. This webinar will help you fine tune your credit box documentation to protect to validity of your SBA loan guaranty.
A recent SBA PLP audit found a bank negligent when it was funding 90% of the commercial real estate purchase price. The banks lending policy stated it would only advance 75% of commercial real estate projects.
Absence of further clarification, SBA was recommending a repair of the 15% between the loan policy and the banks execution of the policy.
This webinar will ensure all of the factors that the bank loan underwriting procedures will "reasonably and prudently" fit SBA's credit underwriting policy.