13 CFR 120.424 - What are the basic conditions a Lender must meet to securitize?
To securitize, a Lender must:
(b) Have satisfactory SBA performance, as determined by SBA in its discretion. The Lender's Risk Rating, among other factors, will be considered in determining satisfactory SBA performance. Other factors may include, but are not limited to, review/examination assessments, historical performance measures (like default rate, purchase rate and loss rate), loan volume to the extent that it impacts performance measures, and other performance related measurements and information (such as contribution toward SBA mission);
(e) Obtain SBA's written consent, which it may withhold in its sole discretion, prior to executing a commitment to securitize; and