drsooch

7 ms·

1. 1.▲
   by drsooch 6y ago

   They're a hassle, but less risk for the primary lender. We worked with primarily smaller Banks, it makes sense for a small bank to work with the program.
2. 2.▲
   by drsooch 6y ago

   Just as an aside, compliance (at least in the case of the SBA ) is done at loan approval time. Compliance for the SBA mirrors what most traditional lenders require: insurance, permits, etc. It's also hard to extend what the government
3. 3.▲
   by drsooch 6y ago

   Compliance in this case won't be that big of a deal. The fact of the matter is it will be relatively simple for a small business to show that the money from the program has been a benefit to them. The way the SBA program works is the i
4. 4.▲
   by drsooch 6y ago

   I created an Account just for this thread. I spent time working as a Credit Analyst for an Economic Development Firm (AKA we made SBA 504 loans). I would like to note I am no longer in the industry, however I do have contacts still. I'