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Video instructions and help with filling out and completing Sba form 4
Instructions and Help about Sba form 4
The top 10 reasons loans get screened out repayment ability is not demonstrated this where I'll refer you back to the credit memo the lenders credit memo and your materials / guarantee the debt service is not demonstrated and therefore you will have to be your screen out will encompass a question about repayment ability either you didn't prfinancials all the financials that you provided didn't prjustification for repayment ability and you didn't prprojections or you didn't elaborate on and get a ratio that our analysis in regard to the performer and the second page of the lender formed for I the second page instructs the lender to complete the necessary five requirements that the SBA would like commented on out of the lender you know you're not only covering the five seas but you're also covering what the sba's requests are as far as balance sheet ratio analysis your analysis of repayment ability since they state that it's something that they need to see demonstrated in order for them to approve the loan juna do you know what percentage of the deals are screened out do you know the other stats you know i would say that quite a few i would say probably all of them i don't think it's a general rule i think that they're probably as such thing is such a thing as a great deal i don't think there's such a thing as a perfect deal so I feel like if everyone is doing their due diligence I think that there would be at some point some sort of question the SBA doesn't always have to spend a screen out they may contact the lender or packager directly Bob with maybe you know you didn't fill in so-and-so's fulfil name or you didn't check this box there are some screen apps or there are some questions or some actions that can be taken without sending a formal screen out letter so I would say that if everyone's doing their part on probably a large percentage of screen up great and since you just mentioned it lets the question came in where is the list of SBA needed items to be included in the lender write-up on page two of the lender for I the SBA has essentially there are five points they would like the lender to comment on and it's at the top of the page and then also below are the financial spreads and includes the performer as well it gives a little bitty box for the lender analysis but this is where you elaborate with your lender credit demo because they aren't you touch absolutely and then you always want to refer back to the SOP they have a wonderful section on credit analysis which very clearly tells you what the lindo should be commenting on and it also died sex the different types of transactions you can collaborate more on what the SBA will want to.