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October 1, 2018

Construction Monitoring and Funds Services for SBA Construction Lending Projects

By AJ Nosek


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.

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