Earlier this year SBA Procedural Notice 5000-876626 was published, updating its guidance on applicant ownership and residency requirements for 7(a) and 504 loans. The revised guidance generated numerous…
On December 19, 2025, the SBA announced important revisions to the citizenship and residency requirements set forth in Standard Operating Procedure (SOP) 50 10 8. These changes will…
Under the new SOP 50 10 8, effective June 1, 2025, the use of 7(a) loan proceeds to finance partial changes of ownership remains permissible, consistent with 13…
Kelly Loeffler, newly confirmed as the 28th Administrator of the U.S. Small Business Administration (SBA), outlined her priorities in a Day One memo. She emphasized rebuilding the agency into a…
On December 6, 2024, the SBA issued Procedural Notice 5000-862692, clarifying that its 7(a) and 504 loan programs can be used in conjunction with Commercial Property Assessed Clean…
The 504 loan program is used to finance fixed assets for eligible small businesses, primarily costs related to the acquisition and/or improvement of real estate or other long-term…