Loading...
Major Changes to 7(a) Loan Servicing and Liquidation Procedures
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.
SBA Now Requires Date of Birth for Business Owners in E-Tran
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.
SBA Modifies Environmental Policies for 7(a) and 504 Loans
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.
SBA Rescinds Community Advantage SBLC Loan Ceiling Expansion
Procedural Notice 5000-865355 rescinds PN 5000-864101, ending the program that allowed Community Advantage Small Business Lending Companies to apply for expanded 7(a) loan size limits.
SBA Extends Multiple Notices and Updates 7(a)/504 Procedures
Procedural Notice 5000-862692 extends seven procedural notices for two years, rescinds PN 5000-851789, and implements substantive changes to SOP 50 10 7.1 and SOP 50 55 including business valuation flexibility and C-PACE financing clarification.