An SBA Senior Credit Administrator's Top Five Indicators of Trouble

Admittedly, consumer lending is a bit different than mortgage. Mortgage a bit different than business lending. And SBA lending has it’s own charms. But the top list of RED FLAGS for an SBA lender might have it’s parallels in your lending world. Pere Mageo is the SBA Credit Administrator for Pacific Capital Bank.

So here are Pere Mageo’s Top Five!

The first missed payment
Any missed tax payment
Any drop in insurance
Any call for payoff information
Any request to sell collateral

What are your top five?

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Linda Keith

Linda Keith is an expert in credit risk readiness and credit analysis training. She trains financial institutions throughout the United States on both Tax Return and Financial Statement Analysis.
She is in the trenches with lenders, analysts and underwriters helping them say "yes" to good loans.
She moved her in person training online in 2008 to www.LendersOnlineTraining.com with a continued focus on lending to businesses, farm operations and complex individual borrowers.