The new UPP which is effective August 1, 2023, “provides lenders with one document to request SBA honor its guaranty on all 7(a) loan types in their portfolio regardless of size and program type”. SBA will hold a webinar on the UPP on Wednesday August 2, 2023 at 2 PT ET. to access the SBA session.
The 8-tab UPP has been made available in two versions: one version is interactive and will guide lenders through submission requirements based on the facts relating to the specific loan; the second version, which is not interactive is a fillable PDF version of the form that is Section 508 compliant (accessible to the disabled). Watch for upcoming training from NAGGL on the new form.
