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Best Practices: Updated Guaranty Purchase Review Standards under SOP 50 57 3

Under the SOP 50 57 3, SBA has added a new provision that alters the perspective under which SBA will review a lender’s actions. This revised language states:…
  • September 13, 2023
  • Jessica L. Conn

Best Practices: Don’t Skimp on SBA Eligibility Determinations

“If you keep your eye on the profit, you're going to skimp on the product. But if you focus on making really great products, then the profits will…
  • September 6, 2023
  • Ethan W. Smith

Best Practices: Construction Performance Bonds Under SOP 50 10 7

Since the issuance of SOP 50 10 7 there is an open question as to whether SBA Lenders must obtain evidence of performance and payment bonds for 7(a)…
  • August 30, 2023
  • Michael Zidansek

Best Practices: Environmental Requirements under the New SOPs

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…
  • August 23, 2023
  • Allen Connor

Best Practices: Lender Servicing and Liquidation Responsibility and Authority under SOP 50 57 3

  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…
  • August 16, 2023
  • Aaron Cook

Best Practices: What SOP 50 10(7) Does Not Tell Us

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…
  • August 9, 2023
  • Kimberly A. Rayer
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