The Small Business Administration(SBA) was established in 1953. SBA commercial lenders are in general divided into three categories: banks that hold the PLP (Preferred Lender) status through the SBA 2. Banks without the PLP status and 3. Though rare, lenders that are allowed to work with the SBA that do not hold a bank license.
Translation: banks are comfortable with the new SBA (as opposed to the more insular and contentious regime under the Bush administrations that spent more time fighting and failing to communicate with lenders than trying to treat them as partners) and so more willing to make loans even though the default rates go higher.
The focal point of corporate governance within small businesses is that all businesses need to set company strategic goals, provide the leadership to put them into effect, supervise the management of the business, and if the company has stockholders, report to the stockholders on their stewardship.
Current business owners looking to build an additional storage facility will need to provide the same credentials, including a property overview, proposed location, expected occupancy, documented managerial experience in the related field, and a few other details that can be explained in full by a reputable mortgage broker who specializes in self storage loans.
Regulation DD: A regulation in the Truth in Savings Act, which basically requires disclosure of some important information pertaining to the deposit account of the consumer by the depository institutions, like banks, savings and loan associations, etc.