Sba Form 2237 PDF Details

The SBA 2237 form plays a crucial role in the world of Small Business Administration (SBA) loans, being the central document used for post-approval actions on 7(a) loans. Serving as a comprehensive checklist, it is utilized exclusively for a specified range of modifications and updates regarding SBA loans that require the administration's consent after the loan has been approved but before or after disbursement. Through this form, lenders can request vital changes such as increases or decreases in loan amounts, alterations to the guaranty percentage, adjustments to loan maturity, and even cancellation of the entire loan. It is also instrumental for updating vital information like changes in the legal or trade name of the business, or its address. Additionally, the form outlines the necessity of reporting these modifications to one of the SBA's Commercial Loan Service Centers, depending on the geographical location of the lender, making clear the procedures for changes that involve adding or modifying guarantee fees or altering the terms of loan maturity. The document underscores the lender's responsibility to ensure that any actions comply with the SBA's Standard Operating Procedures (SOPs) and emphasizes the legal and procedural adherence required for any modifications to federally secured loans. Ensuring accuracy and compliance in filling out and submitting this form is imperative for lenders to maintain the integrity and terms of their SBA loans, facilitating a smooth transition for requested post-approval actions.

QuestionAnswer
Form NameSba Form 2237
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namessba_form_2237 sba 7a loan post approval action checklist form

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OMB Control No.: 3245-0348

Expiration Date: 06/30/2010

7(A) LOAN POST APPROVAL ACTION CHECKLIST (This form to be used only for those actions identified below)

TO:

__ Fresno Commercial Loan Service Center

FAX: 559.487.5803

E-mail: fsc.servicing@sba.gov

 

__ Little Rock Commercial Loan Service Center

FAX : 202.292.3878

E-mail: lrsc.servicing@sba.gov

 

__ Office of International Trade

FAX : 202.481.4842

E-mail: patrick.tunison@sba.gov

RE: SBA Loan Name:

__________________________________________ SBA Loan No._____________________________

FROM: Lender Name:

__________________________________________________________________________

Address:

___________________________________________________________________________

Loan Officer’s Name: ___________________________________________________________________________

Phone: __________________________ E-mail: ______________________ Fax: _________________________

For SBA loans that have not been closed or initially disbursed. The Lender certifies that this request complies with

SOP 50 10 and/or any applicable program guide:

 

 

 

Request that SBA approve an increase in the loan amount from $

to $

. (Additional guaranty fee

 

 

 

 

 

in the amount of $___________ is attached/has been forwarded to Denver.)

 

 

 

Request that SBA approve an increase in guaranty percentage from ____% to _____%. (Additional guaranty fee in the amount of

$_______ is attached/has been forwarded to Denver). Not applicable to Export Working Capitol Program (EWCP) loans.

Request that SBA approve a decrease in the loan amount from $____________ to $____________. (For loans with a maturity

greater than 12 months, SBA must approve the decrease prior to the lender closing and initially disbursing the loan in order for the guaranty fee owed to be decreased. For loans with a maturity of 12 months or less, there is no adjustment due to any decrease or cancellation.)

Request that SBA approve a decrease in the guaranty percentage from % to %. (For loans with a maturity greater

than 12 months, SBA must approve the decrease prior to the lender closing and initially disbursing the loan in order for the guaranty fee owed to be decreased. For loans with a maturity of 12 months or less, there is no adjustment due to any decrease or cancellation.)

Inform SBA that the entire loan has been cancelled.

Inform SBA that the loan maturity has been changed from ____months to ____months. New maturity is __/__/__. If the

extension goes from a 12 month maturity to a maturity longer than 12 months, the additional guaranty fee of $_______________ is attached/has been forwarded to

Denver.

For SBA loans that have been closed and initially disbursed. The Lender certifies that this request complies with SOP 50 10, SOP 50 50 and/or any applicable program guide:

Request that SBA approve an increase in the loan amount from $_________ to $__________ (Additional guaranty fee in the

amount of $______________ is attached/has been forwarded to Denver.) For SBAEXPRESS, Community Express and Patriot

Express, for any increase more than 33 percent, the lender certifies that the request is for the original purpose of the loan, the lender has analyzed the repayment ability of the borrower using current financial information and repayment ability exists.

__________ (initials)

Inform SBA that $___________ of the approved loan has been cancelled. (No adjustment in guaranty fee permitted.)

Inform SBA that the loan maturity has been changed from ____months to ____months. New maturity is __/__/__. If the

extension goes from a 12 month maturity to a maturity longer than 12 months, the additional guaranty fee of $_______________

is attached. (Once SBA changes its records to reflect any approved extension of maturity beyond 12 months, the additional guaranty fee is earned and cannot be refunded.)

Extend final disbursement date to __/ __ / __. Not applicable to EWCP loans.

Other Information needed by SBA to update its records:

The legal name of the business has been changed to: _____________________________________________________________

The trade name of the business has been changed to: ____________________________________________________________

The borrower’s business address has been changed from __________________________________________________________

to

.

For any change in loan amount or guaranty percentage, attach a memo or e-mail message that explains the reason for the change. For any actions other than those listed above that require SBA consent, do not use this checklist. Send a written request in a faxed memo or e-mail message conforming to the guidelines set forth in the Loan Servicing Request Guidelines from the Commercial Loan Servicing Centers. For all other servicing actions permitted by SBA to be taken by a lender under any delegated authority, no notice is required to be given to the SBA. A list of these servicing actions is found in SOP 50 50 4B, Chapter 4.

(Notices, SOPs, and regulations are located at www.sba.gov/aboutsba/sbaprograms/elending.)

_____________________________________________________

_________________________

By: (Name, Title)

Date

The estimated burden for completing this form is 5 minutes. You are not required to respond to any collection of information unless it displays a currently valid OMB Control Number. The number for this collection is 3245-0348. Comments on the burden estimate should be sent to U. S. Small Business Administration, Chief, AIB, 409 3rd Street, SW, Washington, DC 20416. PLEASE DO NOT SEND FORMS TO THIS ADDRESS.

SBA Form 2237 (Revised 6/08)

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Other Information needed by SBA to, extension goes from a  month, and The legal name of the business has in Sba Form 2237

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SBA Form  Revised, The estimated burden for, and By Name Title Date inside Sba Form 2237

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