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
- 7(A) Loan Program – Topic 3
- 504 Loan Program – Topic 4
- Coronavirus Relief Option Loans – Topic 5
- Underwriting – Topic 6
- Loan Servicing – Topic 7
- Risk Grades – Topic 8
- Liquidation of Collateral – Topic 9
- Sale of SBA Loans – Topic 10
- Promotion of SBA Loans – Topic 11
- Audit Policy – Topic 12
- Staff Training – Topic 13
- Retention of Documentation – Topic 14
Recent updates to this product:
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
SBA – 504 Loans and Debentures With 25 Year Maturity
This Small Business Administration Loan Policy Template (approximately 28 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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