A current hot topic in SBA lending has been whether Merchant Cash Advance (“MCA”) debt is eligible for refinancing under SBA’s 7(a) guidelines. The growing demand to refinance…
“Experience is what you get when you didn't get what you wanted.” Randy Pausch, The Last Lecture Since August 1, 2023, SBA lenders have been instructed by the…
It is a fundamental tenet of SBA lending that businesses must be “active” small businesses to be eligible to receive SBA guaranteed loans. SBA lenders should ensure that…
Yesterday the U.S. Small Business Administration (“SBA”) released Standard Operating Procedure 50 10 7.1 (the “SOP”). The SOP was issued in lieu of the announced but unissued Technical…
“If you keep your eye on the profit, you're going to skimp on the product. But if you focus on making really great products, then the profits will…
This famous line from Shakespeare’s Merchant of Venice seems an odd way to begin an article on SBA lending. Nevertheless, SBA released the long-awaited SOP 50 10 7 (“SOP”) on…
