Navigating Construction Contingency in 2024 By Kyle Gustafson, National Client Manager, Partner Engineering and Science, Inc.; and Kendra Vincenty, Senior Vice President; Chief Credit Officer, SVP, First Bank of the […]
Navigating Construction Contingency in 2024 By Kyle Gustafson, National Client Manager, Partner Engineering and Science, Inc.; and Kendra Vincenty, Senior Vice President; Chief Credit Officer, SVP, First Bank of the […]
The New SBA SOPs 50 10 7 and 7.1: Environmental Policy Updates On May 10, 2023, the U.S. Small Business Administration (SBA) issued the newest Standard Operating Procedure (SOP) 50 […]
The new SBA SOP 50 10 7.1 will be effective on November 15, 2023 and will supersede the SBA SOP 50 10 7 (effective on August 1st, 2023). [ Download […]
Navigating SBA’s SOP 50 10 7 Construction Loan Changes: Funds Control, Bonds, and Best Practices Navigating the complexities of handling construction loans in light of the SBA’s recent SOP changes […]
SBA Crash Course – Topic 6: Reliance Letters As part of the U.S. Small Business Administration’s environmental policy, reliance letters, along with certificates of insurance are required for Transaction Screen Assessments (TSAs), Phase […]
FAQS OF TIERED ENVIRONMENTAL DUE DILIGENCE Environmental due diligence is a sound part of all commercial real estate transactions to lower liability and manage risk for the stakeholders involved. Usually, […]
CRITICAL FOR SUCCESSFUL LOAN GUARANTEES 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 […]
THE IMPACT OF THE NEW SBA CHANGES WILL LIKELY BE EVIDENT IN THE NUMBER OF LOANS MADE BY THE SBA UNTIL THE NEXT CHANGE TO ITS ENVIRONMENTAL POLICY. By now, […]
