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…

SOP 50 10 7 will apply to all SBA loan applications received by the SBA on or after August 1, 2023.  SOP 50 10 7 sets forth real…

As we approach August 1, 2023, the effective date of the new SOP 50 10 7, the SBA lending community continues to digest and analyze the changes from…

Hazard insurance requirements for SBA 7(a) loans were updated in SBA Procedural Notice No. 5000-846607, which went into effect on May 11, 2023.  The changes to Hazard insurance,…

On May 9, 2023, the SBA issued Procedural Notice 5000-846607 (“SBA Notice”) which addresses the implementation of SBA’s Final Rule on Affiliation and Lending Criteria for the SBA…

Collateral requirements for Standard 7(a) Loans (those greater than $500,00) and 7(a) Small Loans (those under $500,000) will be updated under the new SOP. For 7(a) Small Loans,…