An SBA Senior Credit Administrator's Top Five Indicators of Trouble

Admittedly, consumer lending is a bit different than mortgage. Mortgage a bit different than business lending. And SBA lending has it's own charms. But the top list of RED FLAGS for an SBA lender might have it's parallels in your lending world. Pere Mageo is the SBA Credit Administrator for Pacific Capital Bank.

So here are Pere Mageo's Top Five!

• The first missed payment
• Any missed tax payment
• Any drop in insurance
• Any call for payoff information
• Any request to sell collateral

What are your top five?