As part of its continuing effort to provide excellent customer service, the 7(a) Loan Guaranty Processing Center (LGPC) has developed a 10-Tab Submission tool to streamline the submission of all loan applications processed at the LGPC. Historically, the LGPC has accepted loan application packages via mail, fax, and FTP (SendThisFile) with no requirements for document organization.
SBA highly encourages use of the 10-Tab, as it will assist SBA’s lending partners in preparing complete and orderly packages for submission, reduce the number of incomplete applications, and allow improved LGPC processing times. Lenders are not required to use the 10-Tab tool for applications submitted to the LGPC at this time; however, packages not organized using the 10-Tab format may experience longer processing times. Later this fiscal year, SBA expects to issue a notice identifying a specific date by which lenders will be required to submit origination packages using the 10-Tab format.
To aid in this submission process, the LGPC has developed 7(a) submission tools and information that can be found at http://www.sba.gov/category/type-form/lending-forms. Scroll to the bottom of the page and select the appropriate 10-Tab Express form for you:
1. 7(a) Submission Instructions and Checklist,
2. Templates for Application Submission,
3. Printable Submission Templates, and
4. Submission Tutorial.