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…
Lenders must ensure they maintain the proper lien position on a borrower’s business assets throughout the life of an SBA loan. Most SBA 7(a) loans are secured by…
With the issuance of SOP 50 10 8, which became effective June 1, 2025, SBA 7a Lenders with delegated PLP authority have had to make some changes in…
One of the benchmarks of the SBA loan program is that SBA loans are made to operating small businesses and not passive entities. If a small business enters…
During the closing process, lenders anticipate their Phase I Environmental Reports will show that real estate serving as collateral is clean. However, this is not always the case…
On May 29, 2025 the U.S. Small Business Administration (“SBA”) issued SBA Information Notice 5000-868665 and released the Standard Operating Procedure 50 10 8 with technical updates (“Updated SOP”),…