Pclp loan1/2/2023 ![]() A formal enforcement action may include a suspension from participating in the SBA loan program, a limit on the maximum dollar amount the SBA will guarantee, or a civil monetary penalty. ![]() Lenders and CDC’s must be cognizant about their responsibilities and authority in servicing and liquidating SBA loans because failure to do so properly may lead to formal enforcement actions by the SBA Office of Credit Risk Management. ![]() CDC’s are responsible for servicing 504 loans in their portfolio, but they will only be responsible for liquidating the loan based on its designation. Lenders are responsible for servicing and liquidating all of the 7(a) loans in their portfolio.
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