Continuing Resolution Update – Update for December 3, 2021
Congress passed the short term Continuing Resolution (“CR”) to keep the federal government funded, which now awaits the President’s signature. Due to the uncertainty that Congress will come to an agreement for the fiscal year 2022 budget or another CR by February 18, 2022, SBA lenders are encouraged to continue to diligently process loans.
Continue ReadingSBA Procedural Notice and Updated SBA Form 159 – update for November 16, 2021
The updated SBA Form 159 and revised instructions are now available: SBA Procedural Notice 5000-821479 Issuance of Updated SBA Form 159 and Revised Procedures in SOP 50 10 6 for Submission of the Form, click here to read SBA Form 159, click here LENDERS ARE REMINDED THAT ANY NEW APPLICATION AS OF NOVEMBER 12, 2021 MUST USE THE REVISED SBA FORM 159. FOR APPLICATIONS ALREADY IN PROCESS AS OF THAT DATE, LENDERS MAY CONTINUE TO USE THE PREVIOUSLY APPROVED SBA FORM 159.
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