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[PDF File]CRA Illustrative List of Qualifying Activities - Office of the ...
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B-7 Small loan to a business that is a CRA-eligible business under the SBA Paycheck Protection Program. § 25.04(b)(1)(iii) Topic C Retail loans. A home mortgage loan, small loan to a business, small loan to a farm, or consumer loan is a qualifying activity if it is: Provided to a: CRA-eligible farm

[PDF File]What Is the SBA 7(a) Loan Guaranty Program? - United States Secretary ...
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For the lender, the regular 7(a) loan program provides an 85 percent guaranty for loans of $150,000 or less and a 75 percent guarantee for larger loans. The maximum 7(a) loan amount is $5 million. There is no minimum amount. The conditional guaranty covers a portion of the risk of borrower repayment default, but not the risk of improper closing

[PDF File]Servicing and Liquidation Actions 7(a) Lender Matrix
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The Lenders are reminded to remit Guaranty fees to SBA using www.pay.gov (in accordance with SBA Procedural Notice 2000-766 dated 7/13/09). If a servicing action requires that a fee be paid to SBA, such as for an increase to a loan amount or extension of maturity, said fees are due within 30 days of SBA approval (Lender's change in E-Tran).

[PDF File]SBA SOP 50 57 7(a) LOAN SERVICING and LIQUIDATION
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Purpose: Update and consolidate SBA policy and procedures on 7(a) loan servicing and liquidation. 2. Personnel Concerned: All SBA employees. 3. SOPs Partially Revised: (a) SOP 50 50 4—deletion of the provisions that apply solely to 7(a) loan servicing; (b) SOP 50 51 3—deletion of the provisions that apply solely to 7(a) loan liquidation; and

[PDF File]Community Reinvestment Act (CRA) Consideration for Activities in ...
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Response 6: PPP loans are Small Business Administration (SBA) 7(a) loans. Banks should follow Call Report requirements for reporting PPP loans based on the loan type, amount, and collateral, as applicable. Question 7: For PPP loans reported as small business loans (Type 01), with loan amounts of

[PDF File]SBA ELIGIBILITY QUESTIONNAIRE FOR STANDARD 7(a) GUARANTY
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If eligibility is questionable, contact the Standard 7(a) Loan Guaranty Processing Center at 877.475.2435 or at . 7aquestions@sba.gov for guidance. Final eligibility determinations for standard 7(a) loans are ... contact the SBA 7(a) Standard Loan Guarnaty Processing Center if you have any questions regarding the eligibility of these types of ...

[PDF File]Frequently Asked Questions (FAQs) on the Small Business Administration ...
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In the First PPP IFR, the SBA stated that “All SBA 7(a) lenders are automatically approved to ... necessary qualifications to process, close, disburse, and service loans made with the SBA guarantee.” The First PPP IFR provides a list of lenders that have been determined to meet the ... on whether the loan has been pledged as collateral to ...

[PDF File]POSITION CLASSIFICATION STANDARD FOR LOAN SPECIALIST SERIES, GS-1165
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Loan Specialist Series, GS-1165 TS-37 December 1961, TS-62 June 1966 small residential or commercial building improvements) is restricted as to type of loan and variety of business enterprises involved to such an extent that the credit analysis function is

[PDF File]Small Business Administration Lending: Risk Management Principles
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guarantee level to 90 percent and waived the SBA’s 7(a) guaranty and ongoing servicing fees. 5 . The lender’s position is senior to the CDC portion but may be subordinate to other lenders. For more information, refer to 13 CFR 120.920. 6 . For a comparison of the 7(a) and 504 loan programs, refer to table 4, “Comparison of the SBA 504 and ...

[PDF File]Local Economic Area Expansion (LEA) Requirements Guide
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4) A summary of the qualifications and experience of any new professional staff who will be responsible for marketing, packaging, processing, closing, servicing, and if applicable, liquidating the loans in the expanded area as well as a complete SBA Form 1081, signed

[PDF File]20811 Rules and Regulations Federal Register - United States Secretary ...
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SBA to temporarily guarantee loans under a new 7(a) loan program titled the ‘‘Paycheck Protection Program.’’ Loans guaranteed under the Paycheck Protection Program (PPP) will be 100 percent guaranteed by SBA, and the full principal amount of the loans may qualify for loan forgiveness. The following outlines the key provisions of the PPP. 1.

[PDF File]7(a) Loan Application Checklist - Small Business Administration
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7(a) Loan Application Checklist Once a business has decided to apply for a loan guaranteed by the SBA, it will need to collect the appropriate ... Include an explanation of why the SBA loan is needed and how it will help the business. Business Lease Include a copy of the business lease, or note for a landlord, giving terms of the proposed lease

Sba 7 a loan qualifications