As we have discussed over our last few articles, the recent rule changes issued on April 10, 2023 altered the affiliation rules to limit the analysis to issues…
Last week in our article, Best Practices: The Affiliation Rule Change, we discussed how lenders are no longer required to review matters of control when performing an affiliation…
The cornerstone of SBA lending has always been and will continue to be reaching businesses that are, in fact, small. The way that small business is defined has shifted drastically…
“Prudence is a presumption of the future, contracted from the experience of time past.” – Thomas Hobbes SOP 50 10 7 didn’t introduce the concept of SBA requirements being rooted…
This famous line from Shakespeare’s Merchant of Venice seems an odd way to begin an article on SBA lending. Nevertheless, SBA released the long-awaited SOP 50 10 7 (“SOP”) on…
The Final Rule: Small Business Lending Company (SBLC) Moratorium Recission and Removal of the Requirement for a Loan Authorization (88 FR 21890, commonly known as the “SBLC Rule”) becomes effective…