SBA’s recent decoupling of the 7(a) and 504 loan programs creates meaningful financing opportunities for borrowers. For lenders and counsel, however, an important limitation remains: the change works…

Financing a change of ownership with an SBA loan requires lenders to pay close attention to the purchase agreement deal terms during SBA loan closing. In SOP 50…

The SBA issued SOP 50 10 8.1 Technical Policy Updates, effective October 1, 2026. For all loans approved by the Small Business Administration (“SBA”) on or after October…

As lenders begin to underwrite new loans under SOP 50 10 8.1, effective October 1, 2026, it’s important to pay close attention to the revised change of ownership…

SBA issued a technical update to SOP 50 10 8.1 on September 25, 2026. Although many revisions are administrative, several will affect how lenders process their loan files…

Certified Development Companies (“CDCs”) have many responsibilities when analyzing real property collateral for a potential 504 loan, and the SBA has now added a new requirement to the…