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Loan Modification and Deferment Requirements for SBA Lenders

Jimerson Firm

NOVEMBER 5, 2020

If a borrower is experiencing difficulties making payments on their SBA loan, they may seek relief with the lender or CDC by requesting a loan modification or deferment. Borrowers must submit current financial statements, federal income tax returns for the last two years, and any additional supporting documents necessary.

Lender 78
Lender Loans Accrued Interest Collateral 78
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Guaranty Recovery for SBA-Backed PPP Loans

Jimerson Firm

FEBRUARY 11, 2022

On July 15, 2021, the SBA issued its procedural notice regarding lender requests to the SBA for guaranty recovery of PPP loans. What should lenders do when borrowers can no longer make payments and associated loans are still outstanding? What Obligations Do Lenders Owe PPP Loan Borrowers?

Loans 52
Loans Lender Chapter 7 bankruptcy Bankruptcy 52
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