SBA SOP 50 10 8, B.Ch1.D — SUBMISSION OF APPLICATION FOR GUARANTY

SOP 50 10 8 B.Ch1.D

Effective 2025-06-01 · publisher's stamp for this provision

D. SUBMISSION OF APPLICATION FOR GUARANTY Lenders that do not have delegated PLP authority: Must submit applications to SBA via E-Tran for SBA approval under non-delegated procedures. Lenders with delegated authority: • May only submit applications to SBA via E-Tran for approval under non-delegated procedures when the loan will refinance the Lender’s same institution debt. • Except for the above, must process all loan applications using their delegated authority. • May submit questions on a specific loan application, including the names of the principals and the address of the project, to [email protected]. Lender must provide sufficient information on the specific application to avoid delays in responses. Lender is to provide a summary of the facts – SBA will not be reviewing the entire case file or multiple attachments. • Must make a request for an exception for any type of 7(a) loan to [email protected], providing detailed information about the application including the names of the principals, address of the project, and a discussion of the policy for which the exception is being requested along with an explanation why the exception to policy should be granted. If SBA approves the exception, the Lender will receive an email confirming the approval, and the Lender must proceed to process the application under delegated authority. The Lender must retain the approval email in the loan file. Exceptions to policy will be considered on a case-by-case basis, and the decision will only apply to the specific request. The decision must be documented in the appropriate loan file. Lender is to provide a summary of the facts – SBA will not be reviewing the entire case file or multiple attachments. • The [email protected] email account is only for Lenders with delegated authority that have questions about a specific loan application and is not to be used for general policy questions, which should be sent to [email protected]. The contents of the Lender’s application for guaranty vary depending on the size of the loan and the method of processing chosen by the Lender, but in all cases, Lender must maintain any and all documents that the Lender collects to support the guaranty request in their loan files. Lender must list in E-Tran at least 81% of the total direct and indirect ownership of the Applicant. The ownership percentage of married spouses and minor children must be combined. SBA Form 1919 includes information on the number of existing employees at the time of application and the number of jobs to be created and/or retained as a result of the loan. • Number of existing employees at the time of application is calculated in accordance with 13 CFR § 121.106, which states in part that SBA counts all individuals employed on a full-time, part-time, or other basis (i.e., jobs are not converted to full-time equivalents). • Jobs “created” means the number of full-time (or equivalent) employees that the small business expects to hire as a result of the loan. • Jobs “retained” means the number of full-time (or equivalent) employees on the payroll of the business at the time of application that will be lost if the loan is not approved. • “Employees” does not include contractors reported via IRS Form 1099. Program forms can be found at www.sba.gov/document. Centralized 7(a) Loan Submission Instructions can be found at the 7(a) Loan Guaranty Processing Center (“LGPC”) website along with other forms, telephone numbers and fax numbers: www.sba.gov/CitrusHeightsLGPC.

Source: SBA SOP 50 10 8, B.Ch1.D — SUBMISSION OF APPLICATION FOR GUARANTY · source URL · snapshot 535743ffe062cc34