For SBA Express, Export Express and 7(a) Small loans the Lender uses its written closing and disbursement procedures for comparable non-SBA loans plus the required SBA forms, with an enforceable and assignable note (including where funds are accessed by card). Before disbursing it obtains all collateral with valid security interests and meets all conditions (standby agreements, valuations, licences, injections); verifies financial data against IRS transcripts; confirms no unremedied adverse change since application or the previous disbursement; obtains hazard insurance and the flood determination and insurance where required; obtains the seismic compliance agreement for new construction, the buy-American agreement (SBA Form 1919) and the child support certification; and meets SBA's environmental requirements (it may not request a loan number for collateral that fails them or needs a non-standard indemnity). For every 7(a) loan, within 15 business days after final disbursement, it reports through E-Tran Servicing any changes to the terms in place at loan number issuance.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.