BEST PRACTICES: ACQUIRING SBA LOANS FROM THE FDIC; WHAT SBA LENDERS SHOULD KNOW

An SBA lender has an excellent opportunity to expand its portfolio by acquiring from the FDIC SBA loans originated by a failed bank. These loans may be acquired at a discount and are backed by an SBA guaranty and, possibly, FDIC loss sharing. However, such loans and acquisitions come with risks that lenders should consider carefully before proceeding. read entire article…  Author:  Amy R. Brownstein, Esquire.  Source:  Starfield Smith, PC