Quality of Earnings Reports: Understanding and Meeting SBA’s New Requirements
The newly issued SOP 50 10 8.1 which takes effect on October 1, makes significant changes to SBA’s change of ownership loan requirements, including introducing the new requirements for lenders to obtain Quality of Earnings (QofE) reports for some applications. Join NAGGL staff and a leading QofE reports expert for an overview of these reports, what they reveal, how to interpret key findings, and best practices for selecting a qualified provider. Registrants will have the opportunity to submit questions in advance to help shape the discussion around this important new SBA requirement.
Changes of Ownership: Introducing SBA’s New Requirements
SBA has released SOP 50 10 8.1, introducing significant changes to the requirements relating to change of ownership loans. This webinar covers the key updates, processing requirements, documentation considerations, and compliance expectations for all types of change of ownership transactions so that you will be ready when the new requirements take effect on October 1.