Attorney Grace Sinclair covers notable recent changes to the SBA 7(a) loan program in her article for BankNews. In it, she outlines how these updates include stricter underwriting guidelines, a requirement for lenders to use delegated authority and modifications in seller financing equity retirement.
Sinclair is an attorney in Reinhart’s Banking and Finance Practice, where she works with financial institutions and other clients in a variety of commercial transactions, including commercial lending and business reorganization, to deliver insightful solutions to a wide range of matters.