SBA lenders are often asked by borrowers or guarantors to release or subordinate collateral during the life of an SBA 7(a) loan. This collateral can include both personal…
As discussed in last week’s article “Recent 504 and 7(a) Program Updates”, effective September 30, 2025, SBA released Procedural Notice 5000-872764 (the “Notice”) amending certain provisions of SOP…
Effective September 30, 2025, SBA released Procedural Notice 5000-872764 (the “Notice”) amending the SOP 50 10 8 (“SOP”) based on feedback the agency received from Lenders. This article…
On September 4, 2025, the Small Business Administration (“SBA”) issued SBA Procedural Notice 5000-870260 to announce the creation of the new 7(a) Manufacturers’ Access to Revolving Credit (“MARC”)…
In the context of SBA lending, properly perfecting security interests in required collateral is one of the most important steps in closing an SBA loan. For personal property…
A common issue that arises in SBA loan reviews is the improper use of proceeds for the benefit of “associates” of the borrower. SOP 50 10(8) provides that,…
