Financing a change of ownership with an SBA loan requires lenders to pay close attention to the purchase agreement deal terms. Â In SOP 50 10 8.1, SBA continues…
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…
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…