Per SBA Information Notice 5000-866746 effective April 21, 2025, SBA set forth the process for reinstituting the SBA Franchise Directory (“Directory”) and the steps franchisors must take to…
With the issuance of SOP 50 10 8 and subsequent notices on citizenship, Lenders are increasingly evaluating complete divestiture by an owner of an Applicant. Under the current…
As discussed in last week’s article “Recent 504 and 7(a) Program Updates”, effective September 30, 2025, SBA released Procedural Notice 5000-872764 (the “Notice”) amending certain provisions of SOP…
With the issuance of SOP 50 10 8, effective June 1, 2025, the SBA will be returning to well-established principles of equity injection. The SBA has eliminated the…
A borrower located in the United States that is engaged in international business operations may qualify for an International Trade Loan. An International Trade Loan can be used…
SOP 50 10 7.1 provides several situations where SBA lenders can rely upon borrower certifications to determine loan eligibility and/or for loan approval purposes. Although this is a…
