How SBA Lenders Ensure Expense Recovery in Loan Liquidation and Litigation
Jimerson Firm
OCTOBER 28, 2020
Lenders should be cognizant about what expenses are classified by the SBA as recoverable or non-recoverable. Recoverable Expenses” are defined as SBA approved, necessary, reasonable, and customary costs incurred to collect and enforce the terms of the Loan Documents, or to preserve or dispose of collateral. See SOP 50 51 3.
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