Purchasing for others?
|Recording Available Until
Midwest SBA Services
Anyone involved in the SBA lending process
2:00 pm-3:30 pm CT
SBA requires that a lender complete a Universal Purchase Package (UPP) to request that SBA honor its guaranty. The purpose of this course is to guide a lender through completion of the UPP, where to file the UPP and how to file the UPP. This course also teaches how to ask SBA to reimburse the liquidation expenses and how to ask SBA to charge off the loan.
Topics covered include:
• Proper completion of the universal purchase package
• Timing of filing the UPP
• SBA offices that handle the guaranty purchase request
• The litigation plan
• An offer in compromise
• Care and preservation of collateral (CPC) tabs
• Charge off tabs