Printable report

Purchase file · 7(a) Standard · $850,000.00 · SBA loan number issued January 15, 2025 · purchase request September 15, 2026 · purchase request

Rules used: Universal Purchase Package v5.3 for the request; SOP 50 10 7.1 for origination (by loan-number date); SOP 50 57 4 for servicing actions on or after November 1, 2025.

Letter-paper layout. In the finished product this page prints and saves as a PDF with one button; this demonstration frame does not allow printing.

Missing · CRITICAL: IRS transcripts (4506-C) are missing

Found: No IRS transcripts in the file.

Where: not in the file

Fix: Locate the transcripts obtained at origination (IVES / 4506-C or 8821) and add them to the package. If none were obtained, order them now and write a discrepancy reconciliation. Disclose the gap in the package narrative; do not submit silently.

Rule: M5-TAB07-003 · UPP v5.3 (SBA PDF, footer "v5.3 Effective August 10, 2026"), p.6 (Tab 4); IVES/4506-C mechanics: Starfield 2024-03 (secondary)

Missing · MAJOR: Missing: historical financial statements

Found: Not found: historical financial statements. Not checked in v0: Loan summary narrative.

Where: not in the file

Fix: Add the historical financial statements to the file. Re-run the review.

Rule: M5-TAB07-007 · Starfield 2026-02

Needs attention · CRITICAL: Early default: the loan defaulted 10 months after final disbursement

Found: Final disbursement 2025-04-02, default 2026-02-10: 10 months (under 18).

Where: Loan_System_Export_Ridgeway.csv, row 2, column 11; Loan_System_Export_Ridgeway.csv, row 2, column 12

Fix: Complete the Early Default Determination tab with the origination file. Include the credit memo, IRS transcripts and equity-injection evidence; each is re-examined. Write a short narrative of what caused the default.

Rule: M5-TAB07-001 · UPP v5.3 (SBA PDF, footer "v5.3 Effective August 10, 2026"), p.6 (Tab 4)

Needs attention · CRITICAL: The equity injection cannot be traced to its source

Found: required 150,000 per the authorization; settlement credit 150,000; no source bank statements. Gap: no bank statement traces the money to its source.

Where: Loan_Authorization_Ridgeway.docx, paragraph 5; SBA_Form_1050_Settlement_Sheet.docx, paragraph 2

Fix: Obtain the bank statements for the months before closing showing the funds and the transfer. Add wire confirmations or cancelled checks linking the source account to the closing. Tie the amounts in the workbook's Equity Injection Trace sheet.

Rule: M5-TAB07-005 · UPP v5.3 (SBA PDF, footer "v5.3 Effective August 10, 2026"), p.7 (Tab 4)

Needs attention · MINOR: Transcript interest rate is in percent format

Found: Rate entered as "10.25%".

Where: SBA_1149_Transcript_of_Account.xlsx, sheet Transcript, cell B4

Fix: Re-enter the rate as 0.1025. Recheck any interest totals the transcript computes from it.

Rule: M5-TAB06-003 · Starfield & Smith 2026-02 (UPP Tab 4 note)

Needs a person: Early defaults receive heightened SBA review of lender financials/projections, underwriting and equity injecti

Found: Present: credit memo. Presence only; content not tested in v0.

Where: Credit_Memo_Ridgeway.docx

Fix: A person reviews the content against the rule.

Rule: M5-TAB07-002 · SBA NGPC page; Starfield 2024-03; Windsor Advantage #2

Needs a person: A person must compare the memo to the loan as closed

Found: Amount and equity injection agree. Terms, collateral and guarantors need a reader.

Where: Credit_Memo_Ridgeway.docx, paragraph 2; Loan_Authorization_Ridgeway.docx, paragraph 3; Credit_Memo_Ridgeway.docx, paragraph 3; Loan_Authorization_Ridgeway.docx, paragraph 5

Fix: A reviewer compares memo terms, collateral and guarantors to the closing binder.

Rule: M5-TAB02-003 · SBA NGPC review description (compliance with authorization/prudent lending); Starfield UPP 2024 (early default focus)

Ready: Package is the Universal Purchase Package

Found: Package version: UPP v5.3.

Where: Loan_System_Export_Ridgeway.csv, row 2, column 14

Rule: M5-PKG-001 · UPP v5.3 PDF p.1-16 (footer of every page: "v5.3 Effective August 10, 2026"); 8 tabs + CPC Tabs (p.1); NAGGL 2023-07-28 (UPP eff. 2023-08-01)

Ready: Authorization and modifications are present

Found: Authorization plus 1 modification(s): Loan_Authorization_Ridgeway.docx, Modification_1_Loan_Authorization_Ridgeway.docx.

Where: Loan_Authorization_Ridgeway.docx; Modification_1_Loan_Authorization_Ridgeway.docx

Rule: M5-TAB02-001 · UPP v5.3 (SBA PDF, footer "v5.3 Effective August 10, 2026"), p.2 (Tab 1)

Ready: Loan must be closed per the SBA authorization

Found: Present: SBA Loan Authorization. Presence only; content not tested in v0.

Where: Loan_Authorization_Ridgeway.docx; Modification_1_Loan_Authorization_Ridgeway.docx

Rule: M5-TAB02-004 · 13 CFR 120.524(a)(1)-(3)

Ready: Tab 4 Legal Documentation: executed note, security agreements, guaranties, UCC filings/mortgages with recordin

Found: Present: SBA Note (Form 147), guaranty (Form 148), UCC filing. Presence only; content not tested in v0. Not checked in v0: Security instruments, Deferment agreements.

Where: SBA_Note_Form_147.docx; SBA_Form_148_Guaranty_Okonkwo-Hale.docx; UCC_Financing_Statement.docx

Rule: M5-TAB04-001 · Starfield & Smith 2020-03-25; SBA tab name 'Legal Documentation'

Ready: Documents must be completed and executed per the SBA Loan Authorization

Found: Present: SBA Note (Form 147), SBA Loan Authorization, transcript of account (Form 1149). Presence only; content not tested in v0.

Where: SBA_Note_Form_147.docx; Loan_Authorization_Ridgeway.docx; Modification_1_Loan_Authorization_Ridgeway.docx; SBA_1149_Transcript_of_Account.xlsx

Rule: M5-TAB04-002 · Coleman Report ten-tab page (documents 'executed per the SBA loan authorization')

Ready: The UCC debtor name matches the borrower's legal name

Found: UCC-1 debtor and the borrower's legal name agree.

Where: UCC_Financing_Statement.docx, paragraph 1; Loan_Authorization_Ridgeway.docx, paragraph 1

Rule: M5-TAB04-003 · Innovative Financing Solutions (top repair/denial reasons); Windsor Advantage #4; Coleman Report repairs page

Ready: Tab 5 Disbursements: documentation supporting each disbursement as required by the SOP 50 10 in effect at the

Found: Present: settlement sheet (Form 1050). Presence only; content not tested in v0. Not checked in v0: Invoices, checks, wires per disbursement.

Where: SBA_Form_1050_Settlement_Sheet.docx

Rule: M5-TAB05-001 · Starfield 2025-01 (UPP Tab 7 Disbursement Documentation); SBA tab name

Ready: Form 1149 transcript is present and signed

Found: Signed: Yes.

Where: SBA_1149_Transcript_of_Account.xlsx, sheet Transcript, cell B5

Rule: M5-TAB06-001 · UPP v5.3 (SBA PDF, footer "v5.3 Effective August 10, 2026"), p.5 (Tab 3)

Ready: Lender may demand purchase only if the borrower is in default on any installment for more than 60 calendar day

Found: Present: transcript of account (Form 1149). Presence only; content not tested in v0. Not checked in v0: Date of first uncured default, Cure evidence if any.

Where: SBA_1149_Transcript_of_Account.xlsx

Rule: M5-TIME-001 · 13 CFR 120.520(a)(1)

Ready: The request is inside the 180-day window (0 days after maturity)

Found: Maturity 2035-04-02 (maturity derived from final disbursement plus term); request 2026-09-15; -3121 days.

Where: Loan_System_Export_Ridgeway.csv, row 2, column 11; Loan_System_Export_Ridgeway.csv, row 2, column 6; Loan_System_Export_Ridgeway.csv, row 2, column 13

Rule: M5-TIME-004 · 13 CFR 120.524(a)(8)

Ready: Liens must be maintained/renewed

Found: Present: UCC filing. Presence only; content not tested in v0. Not checked in v0: Lien tickler.

Where: UCC_Financing_Statement.docx

Rule: M6-CPC-003 · Windsor Advantage #5 ('improper lien renewals'); UCC statute not cited here

Ready: The site visit came 38 days after the default

Found: Default 2026-02-10; visit 2026-03-20; 38 days.

Where: Loan_System_Export_Ridgeway.csv, row 2, column 12; Site_Visit_Report.docx, paragraph 2

Rule: M6-SITE-001 · SBA NGPC liquidation process page

Ready: Demand amounts must tie to the Transcript of Account and Loan Authorization.

Found: Present: transcript of account (Form 1149). Presence only; content not tested in v0. Not checked in v0: Demand letter figures.

Where: SBA_1149_Transcript_of_Account.xlsx

Rule: M5-TAB01-002 · Not stated in UPP v5.3 (texts/UPP-v5.3.md p.5 asks only for an explanation when the ending balance on the Transcript of Account does not match the 1502); Tab 1 demand amounts tying to Tab 3 and the Loan Authorization is practice

Ready: UPP Tab 1: attach a copy of the complete original credit memorandum and any modifications.

Found: Present: credit memo. Presence only; content not tested in v0. Not checked in v0: Credit Elsewhere test, Personal Resources test.

Where: Credit_Memo_Ridgeway.docx

Rule: M5-TAB02-002 · UPP v5.3 (SBA PDF, footer "v5.3 Effective August 10, 2026"), p.2 (Tab 1)

Ready: Disbursement dates and amounts reconcile to Form 1149 disbursement history and to the final-disbursement date

Found: Present: transcript of account (Form 1149). Presence only; content not tested in v0. Not checked in v0: Disbursement ledger.

Where: SBA_1149_Transcript_of_Account.xlsx

Rule: M5-TAB05-003 · Form 1149 (SBA NGPC page); early-default definition (ROM 10-19)

Ready: Loan was in liquidation status before the purchase request

Found: First liquidation status 2026-04; purchase request 2026-09-15.

Where: SBA_1502_Status_History.csv, row 4, column 1; SBA_1502_Status_History.csv, row 4, column 2

Rule: M5-TIME-006 · UPP v5.3 (SBA PDF, footer "v5.3 Effective August 10, 2026"), p.2 (Tab 1 checklist), citing 13 CFR 120.520

Ready: Formal liquidation plan prepared covering site-visit findings, workout feasibility, recoverable collateral val

Found: Present: liquidation plan. Presence only; content not tested in v0. Not checked in v0: SBA Form 1979 (CLP).

Where: Liquidation_Plan.docx

Rule: M6-PLAN-001 · Starfield 2023-11; SBA liquidation page; 13 CFR 120.540(b)

Ready: Payment default reporting: monthly SBA 1502 reports

Found: Present: SBA 1502 status history. Presence only; content not tested in v0.

Where: SBA_1502_Status_History.csv

Rule: M6-SVC-006 · SBA liquidation page; Starfield 2026

Ready: Report paid-in-full as code '6' on monthly SBA 1502

Found: Present: SBA 1502 status history. Presence only; content not tested in v0.

Where: SBA_1502_Status_History.csv

Rule: M6-WRAP-005 · SBA liquidation process page