2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
2023 Tax Calendar
VIEWpoint Issue 2 | 2022
7 Trends Defining the Future of Non-Profits
What’s in the Fiscal Responsibility Act?
Reasons to Consider Outsourced Accounting for Your Non-Profit
Small Business Administration (SBA) loan applications require extensive documentation, including financial statements, tax returns, business plans and other supporting documents. As an SBA lender, it is your responsibility to keep documentation in-check, follow proper procedures, evaluate the borrower’s creditworthiness correctly and adhere to the SBA regulations. If your next SBA loan review is quickly approaching, be on the lookout for some of these common problems to address before your review commences:
While offering SBA loans to your customers/members is an attractive, value-added service, it’s important to be sure related loan documentation is prepared and processed correctly, and is compliant with SBA Loan Program requirements.
Having an independent SBA loan review performed by a qualified, experienced loan specialist, like those at Doeren Mayhew, can help eliminate gaps in your SBA loan documentation and provide guidance on effective internal controls.
Looking for an easy way to enhance your internal loan review process? Doeren Mayhew’s GOLoan Review software serves as a self-evaluation tool and identifies weaknesses in SOP compliance of your SBA loan files. Contact us today to schedule a demo or learn more about our independent SBA loan review services.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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