Notice of Sale of Business and Disaster Assistance Loans

Короткий зміст

This notice announces the Small Business Administration's ("SBA") intention to sell approximately 25,000 secured and unsecured business and disaster assistance loans, (collectively referred to as the "Loans"). This is the first sale of Disaster Assistance Loans and includes both business and consumer loans. The total unpaid principal balance of the Loans is approximately $1 billion. SBA previously guaranteed some of the Loans under various sections of the Small Business Investment Act, as amended, 15 U.S.C. 695 et seq. Any SBA guarantees that might have existed at one time have been paid and no SBA guaranty is available to the successful bidders in this sale. The majority of the loans originated from and are serviced by SBA. The collateral for the secured Loans includes commercial and residential real estate and other businesses and personal property located nationwide. This notice also summarizes the bidding process for the Loans.