They say, “The only thing constant is change” PPP, Flood of SBA Notices. Revisions. Program Changes. New Guidance. Yet some things haven’t changed: the fundamentals of our business. Key Fundamental: Equity Injection. JRB Senior Consultant Lisa Lerner takes you through it.
Equity Injection. The rules haven’t changed. Yes, until the end of SBA’s fiscal year, 9/31/21, there are no guaranty or servicing fees. Yet we must remember that Equity Injection rules are the same. Did you know … In some cases, equity injection is a reason for denial or repair to the guaranty of an SBA loan – and that issue is magnified with SBA if a loan defaults within the first 18 months?