(This is Part Two of a two-part series on guaranty purchase. In Part One, available HERE, we discussed guaranty purchase review by SBA Centers.)
As discussed in Part One, if the appropriate SBA Center recommends partial or full Denial of Liability, the Lender has three options:
- Agree to the Denial of Liability and repay any amount owing to SBA.
- Disagree with the Denial of Liability and provide additional information to the Center.
- Disagree with the Denial of Liability without providing additional information.