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,…

For many lenders, collateral perfection remains one of the most critical — yet often misunderstood — aspects of SBA compliance. Among the collateral types that present unique challenges are…