https://starfieldsmith.com/wp-content/uploads/2026/08/843aa691-8630-4869-aa4d-e1a193ba6827.mp3 On August 14, 2026, SBA issued Information Notice 5000-880695, announcing the new SOP 50 10 8.1, which becomes effective October 1, 2026. The new SOP incorporates Policy and Procedural Notices issued since SOP 50 10 8 and introduces significant changes to the 7(a) loan program rules governing equity injections, change of ownership transactions, debt ... Read More

https://starfieldsmith.com/wp-content/uploads/2026/08/653622bd-75a2-4ca2-8cd1-5aa335ba9a6a.mp3 A business owned in whole or in part by a 401(k) plan — including a Rollover as Business Startup (ROBS) plan — may be eligible for a U.S. Small Business Administration (SBA) loan, provided the lender complies with SBA’s requirements and the plan itself complies with all applicable IRS, Treasury, and Department of Labor ... Read More

https://starfieldsmith.com/wp-content/uploads/2026/08/1503e2fe-82d0-4fc8-934e-308cec2bde81.mp3 Lenders routinely request landlord subordination or waiver agreements as a condition of closing an SBA loan to borrowers operating from leased premises owned by a third-party landlord.  While the act of sending out the lender’s form of landlord subordination or waiver agreement is routine for loan closers, sometimes the process of obtaining the landlord’s ... Read More

https://starfieldsmith.com/wp-content/uploads/2026/08/ce2a132d-57bb-400c-928f-62e3c07d7d0a.mp3 When an SBA loan involves real estate, construction, renovations, or tenant improvements, mechanics’ liens should be a key consideration for SBA lenders. Although mechanics’ liens are generally governed by state law, they can directly affect lender’s collateral position. As such, understanding how they arise, and especially how their priority is determined, matters because work ... Read More

https://starfieldsmith.com/wp-content/uploads/2026/07/d339c474-dfd4-47e5-985a-4d54520c109a.mp3 Obtaining a judgment against a borrower or guarantor is an important step in recovering an SBA 7(a) loan, but the battle is not over. A judgment gives the lender the legal right to pursue collection, but it does not guarantee payment. Before spending time and money enforcing a judgment, lenders should determine whether doing ... Read More

https://starfieldsmith.com/wp-content/uploads/2026/07/498806f7-9822-4e3d-95f2-49b183fb816d.mp3 Effective May 1, 2026, the U.S. Small Business Administration (SBA) expanded access to its 7(a) International Trade Loan (ITL) Program by broadening eligibility for certain domestic manufacturers and food supply chain businesses. SBA Policy Notice 5000-877629.  Historically, the ITL program has focused on supporting small businesses seeking to develop or expand export markets. The ... Read More