On September 28, 2018, SBA issued proposed rule RIN: 3245-AG74 (“Proposed Rule”), which proposes changes to several aspects of SBA’s current regulations. Lenders have 60 days, or until November 28,…
On September 14, 2018, SBA issued Information Notice 5000-18012 announcing an updated SBA Form 159 “Fee Disclosure and Compensation Agreement”. The majority of the revisions were designed to promote transparency…
In my December 13, 2017 article, I provided an overview of the franchise review process under the SOP 50 10 5(J). See https://starfieldsmith.com/article/best-practices-franchise-reviews-under-sop-50-10-5j/. For SBA loan applicants operating under traditional…
In an effort promote stronger businesses and agricultural economies in rural America, the Administration recently introduced a series of new initiatives. In April, the U.S. Department of Agriculture (USDA) and…
As discussed in last week’s article, on August 14, 2018, the Small Business Administration (“SBA”) released the new 7(a) Authorization Wizard for immediate download and use. Following are some non-state…
On August 14, 2018, the Small Business Administration (“SBA”) released the new 7a Authorization Wizard for lenders to download. While the new Authorization contains numerous changes and additions from the…