20120418

Underwriting standards for small business loans under the Small Business Lending Program Originated

by Moe Bedard to
23 December 2010
Small Business Loans


WASHINGTON DC (Source: FDIC) - Summary: The Small Business Lending Fund (SBLF) program was created under the Small Business Act of 2010 Jobs and head of the banking institutions of the federal guidelines matter relating to prudent underwriting standards for small business loan SBLF made with funds from the participating institutions SBLF. The guide is attached.
Highlights:
 The U.S. Department of the Treasury ("Treasury") is the management of SBLF program. The Small Business Act of 2010 requires the Jobs Bank Institute of the Federal small business loan underwriting guidelines for program participants problem.
* Boards of the institutions involved in the program will SBLF ensure that small business lending in accordance with the instructions supplied, are safe and sound lending.
* If a loan SBLF a Small Business Administration (SBA) must guarantee, should the institution of the SBA needs to be observed.
* State Institutions Non-member force in the Treasury SBLF program should attend their small business loans are planning to file the appropriate FDIC regional office or by FDICconnect.
Distributor:
FDIC-supervised banks (Commercial and Savings)
Itineraries:
Chief Executive Officer
Chief Officer Loans
Small Business Loan Officers
Related topics:
Part 323 of the FDIC rules and regulations
Part 364 of the FDIC rules and regulations
Part 365 of the FDIC rules and regulations
Interagency Statement on meeting the needs of Small Business Credit creditworthy borrowers to 12 Issued in February 2010.

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