• 5000-831
• 5000-898
• 5000-954(Including the updated Chapter 13 of SOP 50 51)
• 5000-1017, and 5000-1019

The burden of proof rests with the lender to substantiate to SBA that the lender has a right to be paid under the guaranty. To do this, the lender must provide all forms, documents, exhibits and other relevant information as part of the initial submission of the guaranty purchase package. And, be aware that SBA will not process any packages that are incomplete (SBA must have the required documents and anything else necessary for SBA to make a clear determination.)

If there are aspects of a guaranty purchase package that are relevant but not specifically called out in the 10-Tab outline, it may be appropriate to include a brief note to explain the issue(s). But don’t submit a ‘novel’; keep it to the point. Again, the objective is to supply sufficient information for SBA to determine its liability, but not to overwhelm with paperwork.

What do you do if some of your documentation does “not fit the mold”? How do you present packages that involve an “early default”? What if some of your collateral is unaccounted for? While you can try to go it alone, these are the types of situations that really call for bringing in expert assistance. There is no magic or slight-of-hand involved, but we at sbaAccess have the experience and knowledge of the regulations that can help you navigate through the guaranty purchase process to achieve the fair and appropriate outcome. Sign up for a lender lifeline or give us a call so we can work out a short-end project with you.