Sometimes, in good times, a bit of lender complacency can creep in. At the recent NAGGL Conference, OCRM Director Susan Streich specifically named “Periodic Internal Checkups and Regular Due Diligence Reviews” as attributes of a successful SBA lender. There was also quite a bit of discussion about SBA forecasting a spike in loan defaults.
At JRB, we continually stress the importance of regular loan portfolio reviews. Is your SBA guaranty safe for every loan in your portfolio? As the good times roll on, now is the time to:
“Semper Paratus” (Always Ready) is the motto of the United States Coast Guard. So it should be for a prudent SBA portfolio manager. We also are “Always Ready” to assist our clients with all their SBA lending needs. Contact JRB!