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.

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download