About This Course:
In the current economy, many lenders are looking to the credit enhancement offered by the U.S. Small Business Administration's Government Guaranteed lending programs to keep capital flowing to America's small businesses.
While the many benefits of the programs may be appealing to lenders, lenders must understand the nuances of the SBA's rules and regulations to ensure that guarantee will be honored by the SBA in the event of a borrower's default.
What You'll Learn:BackgroundGeneral Eligibility Requirements- Type of Business
- Use of Loan Proceeds
- Credit Criteria
- Collateral Requirements
- Loan Authorization
Pillars of Guarantee PurchasePossible OutcomesDue Diligence Items