U.S. Small Business Administration
U.S. Small Business Administration
SBA Little Rock Commercial Loan Servicing Center
Presents
Guidance on Community AdvanGuiGuitage Loan Guaranty Purchasing Guidance on SBA Community Advantage Loan Guaranty Purchasing
3
Agenda
CA Guaranty Purchase Roles and Responsibilities Requirements for Guaranty Purchase Collateral Liquidation
Deadline for submission of the Purchase Package Guaranty Purchase Package Tabs
Top Reasons for Repairs or Withdrawals Required SBA Forms
Additional Information Questions
4
CA Guaranty Purchase
Roles and Responsibilities
Both LRCLSC and FCLSC are responsible for reviewing and processing the guaranty purchase requests for the Community Advantage program loans.
? There are different versions of the Guaranty Purchase Package Tabs that are used depending on the loan program. These Tabs Documents are also referred to as the Purchase Demand Kit (PDK). For Community Advantage (CA) loans the Small Loan Advantage PDK is used which includes 9 Tabs.
? The PDK document was designed to help the lender assemble their guaranty purchase request with step by step instructions for putting the package together. This is to ensure the lender has all the appropriate documents when the demand for SBA to honor its guaranty is requested.
? The use of all the Tabs is mandatory, all supporting documents should be placed behind the appropriate tabs. Please read and follow instructions provided in each tab sheet to ensure all the correct information and documentation is provided.
? When the PDK is submitted with all the correct information/documentation, the purchase process will move more efficiently and the guaranty funds will be paid without delays.
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