US SBA SOP 50 10 8.1 Lender and Development Company Loan Programs
Section A Ch 2: Special transaction structures – US SBA SOP 50 10 8.1 Lender and Development Company Loan Programs

US SBA SOP 50 10 8.1 Lender and Development Company Loan Programs A2-C: Section A Ch 2 Para C: Cooperatives

For a cooperative Applicant or a business it owns or controls, the SBA Lender confirms that the Applicant and cooperative meet SBA eligibility and all legal requirements of other regulators, obtains at least one individual or entity guaranty, submits the relevant organizational documents and agreements with the application, and for a 7(a) purchase of a controlling interest excludes cooperative set-up costs from proceeds.

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Other controls in Section A Ch 2: Special transaction structures – US SBA SOP 50 10 8.1 Lender and Development Company Loan Programs

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