- Alia Abboud, Product Manager
SPARK Product Update to Prime Rate Banner
On Wednesday, April 26th in the evening, we will release an update supporting the option to dismiss the WSJ Prime Rate banner on a package until the 1st day of the following month.
With the increased frequency of Prime Rate changes, this update gives lenders the option to apply the new rate to a package in the following month depending on when they plan to submit the loan to E-Tran. This additional flexibility simplifies the process of complying with the SBA's delay in implementing rate changes.
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