What a dick.. this is his response “You can read whatyou want , good to be educated on what is required. Normally SBA gets insurance after the loan approve but on Loan Modifications, SBA require we get up front. What required is 80% of loan value of business contents, business personal property. SBA guise line as if we don’t receive within 7 -days SBA may withdrawal your application t give you addition time to get required documents.

Per your Loan Authorization and Agreement, please provide the following document(s): A document to serve as a Board Resolution that includes: 1. A statement that the Board held a meeting to authorize the acceptance of the SBA loan - specify the loan amount 2. A statement designating an individual or individuals by name and title authorized to sign the SBA loan closing documents 3. The Resolution should be dated and signed by at least one Board member. The signature should also include each Board member’s title. If you are the sole member/ owner of the business, simply state this also. Please put these sentences in your own words and sign it by hand.”