One of the core benefits of the SBA guaranteed loan program is its ability to encourage lending to small businesses that cannot obtain conventional financing at reasonable terms. At NAGGL's recent SBA Lending Technical Conference in Indianapolis, one of the hotter topics discussed was determining if "Credit Elsewhere" was reasonably available to certain applicants. The SOP states Acceptable factors that demonstrate an identifiable weakness in the credit or exceed policy lim

The SBA recently made changes to the franchise review process you need to know a bout. Prior to these changes, lender's responsibilities entailed reviewing the Franchise Registry or sending the Franchise Agreement to the SBA for approval. These two avenues informed you whether the franchise concept was eligible or not and, if not, potentially how to make it eligible via addendum. Lenders must now obtain the executed Franchise Agreement and the SBA Addedum to Franchise Agree