Small Business Administration Loan Policy
The purpose of this Small Business Administration Loan Policy Template is to address Small Business Administration (SBA) loan products, underwriting, and related lending operations of a bank, credit union, fintech company, or other type of financial institution. The Small Business Act and Small Business Investment Act authorize the SBA to guaranty loans and issue bonds to assist small business owners. The goal of these programs is to provide support to small businesses through entrepreneurial development, government contracting, advocacy, and access to capital through loans to applicants that cannot otherwise obtain credit on reasonable terms and conditions.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Risk Management – Topic 3
- Strategic Planning – Topic 4
- Originating, Selling, and Purchasing SBA-Guaranteed Loans – Topic 5
- 7(A) Loan Program – Topic 6
- 504 Loan Program – Topic 7
- Coronavirus Relief Option Loans – Topic 8
- Underwriting – Topic 9
- Loan Servicing – Topic 10
- Risk Grades – Topic 11
- Liquidation of Collateral and Credit Loss Allowance – Topic 12
- Sale of SBA Loans – Topic 13
- Promotion of SBA Loans – Topic 14
- Concentration Risk Management – Topic 15
- Stress Testing – Topic 16
- Regulatory Reporting – Topic 17
- Capital Considerations – Topic 18
- Accounting for SBA Loan Sales and Assets – Topic 19
- Audit Policy – Topic 20
- Staff Training – Topic 21
- Retention of Documentation – Topic 22
Recent updates to this product:
SBA Press Release – SBA Announces Updated Guidance Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program
SBA Announcement – Economic Injury Disaster Loan (EIDL) Program Updates
OCC Bulletin 2021-34 – Small Business Administration Lending: Risk Management Principles
SBA Press Release – SBA Extends Deferment Period for all COVID-19 EIDL and Other Disaster Loans Until 2022
PPP Extension Act of 2021
SBA Interim Final Rule – Business Loan Program Temporary Changes; Paycheck Protection Program – Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act
SBA Final Rule – IFR: Paycheck Protection Program (PPP) as Amended by the Economic Aid Act
SBA Final Rule – IFR: Paycheck Protection Program (PPP) Second Draw Loans
SBA’s Amendments to the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), and SBA Debt Relief Loans
Federal Reserve’s SR-20-10, FDIC’s FIL-33-2020, and OCC’s Bulletin 2020-31
SBA – Implementation of the Small Business 7(a) Lending Oversight Reform Act of 2018
Current Expected Credit Losses (CECL) Accounting Standard
This Small Business Administration Loan Policy Template (approximately 38 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
NOTE: The complete contents of this product are also included in the Commercial Loan Policy Template.
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