We often take our policies and procedures for granted. A once and done approach. You wrote them, the staff has them and it’s time to get down to the business of lending, right?
That approach however, can hurt you later. SBA lending requires you adhere to SBA’s Procedures but also your own, so… your SBA procedures as well as your commercial lending procedures need to be updated regularly.
SBA will ask for them in an OCRM review and will look to them when reviewing how you underwrite, document, close, fund and service your loans. It isn’t rocket science, but it does require the same attention to detail.
Call us today to discuss how we can assist you (877) 576-0819. Follow us on LinkedIn to get our most recent blog posts or check out the Blog page on our website.
Your Team at LRM Lender Consultants,
