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…

When Lenders are dealing with a borrower who is falling behind on payments or moving into default territory, it may be hard for a lender to determine when…

SOP 50 10 8, which became effective on June 1, 2025, restored some of the prudent practices standards from prior SOPs as well as added some needed, clear…

The U.S. Small Business Administration (“SBA”) has strict eligibility standards for its 7(a) and 504 loan programs.  In the current SOP 50 10 (8), the SBA removed the…

The SBA’s PARRiS protocol may not be new, but it continues to play a critical role in how SBA evaluates 7(a) lenders. Designed to help the Agency assess…

With the issuance of SOP 50 10 8 and the changes it brought to SBA lending, now is a good time to review your internal policies to ensure…