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…

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,…