The document discusses the fundamentals of SBA lending, including documenting, closing, and funding SBA loans. It provides an overview of 7(a) loan programs, eligibility requirements, loan terms, processing types, permissible uses of loan proceeds, and requirements for credit standards, collateral, appraisals, environmental policies, loan conditions, and reviewing third-party reports. The document is intended to guide lenders through the key considerations and steps involved in SBA lending.
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Documenting, closing and funding the sba loan lerch early may 2012
1. FUNDAMENTALS OF
SBA LENDING:
DOCUMENTING, CLOSING
AND FUNDING THE SBA
LOAN
Alison W. Rind
Lerch, Early & Brewer, Chtd.
www.lerchearly.com May 16, 2012