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Educational fundamentals for SBA lending, due diligence, and buyer education
Why self-funded search offers the most direct route to entrepreneurial ownership
Policy Notice 5000-876441 requires 100% U.S. Citizen or U.S. National ownership effective March 1, 2026
Your tactical guide to starting your business search with the essential legal and operational foundations for ETA success.
Compare traditional search funds vs. self-funded search in business acquisition. Learn why self-funded search offers the most direct route to entrepreneurial ownership.
SBA Procedural Notice 5000-872764 updates Standard Operating Procedure 50 10 8 with technical clarifications for both 7(a) and 504 loan programs, including changes to collateral policies, ESOP valuation requirements, and MARC loan processing rules.
SBA Procedural Notice 5000-875701 announces the discontinuation of the FICO Small Business Scoring Service (SBSS) Score requirement for 7(a) Small Loans, requiring lenders to use commercial credit analysis processes instead.
SBA Procedural Notice 5000-872050 amends SOP 50 10 8 to allow businesses with up to 5% ownership by non-resident U.S. Citizens, U.S. Nationals, or Lawful Permanent Residents to qualify for 7(a) and 504 loans.
SBA Policy Notice 5000-876441 significantly tightens citizenship requirements for 7(a) and 504 loans, eliminating eligibility for Legal Permanent Residents (green card holders) and removing the 5% foreign ownership exception.
Procedural Notice 5000-869245 updates environmental review procedures and makes the ALP Express authorization permanent under SOP 50 56, affecting CDC/504 loan processing.
Procedural Notice 5000-870023 implements streamlined eligibility reviews via Treasury's Do Not Pay portal and details portfolio risk management procedures for the Surety Bond Guarantee Program.
Procedural Notice 5000-868064 updates veteran verification requirements in the Surety Bond Guarantee Program and claims procedures for the Preferred Surety Bond Program.
Procedural Notice 5000-866946 introduces significant revisions to SOP 50 57 3.1 governing 7(a) loan servicing and liquidation, including changes to lender guaranty purchase requests and certain servicing actions.
Procedural Notice 5000-866498 mandates that SBA lenders and CDCs enter date of birth for all business owners when submitting applications through E-Tran, effective March 27, 2025.
Procedural Notice 5000-866054 modifies environmental policies and procedures in SOP 50 10 7.1 Section A, Chapter 5, Paragraph E for 7(a) and 504 loans.