One of the biggest trends in 2018 involving Small Business Administration construction lending, at both national and regional conferences and client events alike, is the resounding feedback from SBA advisory panels on the need for concentration on SOP-appropriate construction monitoring with third-party funds disbursement. Although many lending institutions have a system in place for conventional loans, the SBA specifically references the only blanket alternative to bonding being when “a third party in the business of providing construction risk management services controls the disbursement of proceeds.”
To read the full GlobeSt blog post on how construction risk management tools like funds disbursement and budget review can help secure a successful SBA loan transaction, click here.
April 24, 2025
How SOP 50 10 8 Affects Your Construction Lending Strategy The SBA’s updated SOP 50 10 8, effective June 1, 2025, introduces several key changes to the construction loan provisions […]
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Strategies for Navigating the Complexities of High-Stakes Hospitality Builds By Robert Barone, RA, LEED AP, Director, Institutional Construction Services | Partner Engineering and Science, Inc. Originally Published in the 2025 […]
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Lessons from the Field: How Lenders Can Spot Trouble Early and Protect Their Investment By Kyle Gustafson, National Client Manager, Partner Engineering and Science, Inc.; and Mark Petit, SVP, Operations […]
