Reg O - SBA Loan

Answered by:

Question:

Are there any restrictions within Reg O that would prohibit extending an SBA guaranteed loan or loan with an SBA takeout commitment (504 program) to a director of our bank?

Answer:

There is nothing in Reg O that affects SBA lending. The loan would be subject to all other restrictions and reporting of Reg O depending upon structure, collateral, etc.

First published on BankersOnline.com 11/19/07