Under the SOP 50 57 3, SBA has added a new provision that alters the perspective under which SBA will review a lender’s actions. This revised language states:…

“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…

Since the issuance of SOP 50 10 7 there is an open question as to whether SBA Lenders must obtain evidence of performance and payment bonds for 7(a)…

With the SOP 50 57 3 and the SOP 50 10 7 that both went into effect on August 1, 2023, lenders should be mindful of how updates…

  After August 1, 2023, all SBA 7(a) loans (regardless of when they were originated) are subject to SBA’s SOP 50 57 3. The new SOP includes a…

Over the past few weeks we have discussed many of the changes in the SOP 50 10 (7).  Now that it is in effect, and as we wait…