SBA and USDA Blog

There has been ample discussion in the SBA space about the widespread changes implemented by the new SOP 50 10 7, effective August 1, 2023.  Most people have heard of the “do what you do” concept, allowing for partial changes of ownership, updates to the equity injection source and verification, and more.  However, the new

The new SBA SOP 50 10 7 raised several questions surrounding the concept of applying to SBA loans the policies lenders would follow for “similarly-sized, non-SBA guaranteed commercial loans”.  The SBA has continued to expand what is referred to as the “do what you do” concept to give lenders more flexibility with structuring, underwriting, closing and

UPDATED: May 19, 2023 for SBA’s Delayed Implementation of Removal of SBA Authorization. Windsor Advantage will continue updating this article with the latest changes as they are announced. In early May the SBA released two procedural notices (SBA Procedural Notices 5000-846607 and 5000-846991) in anticipation of the latest SBA SOP 50 10 7.  The SOP

The SBA’s latest rule, published April 10, 2023, will have a material impact on SBA lenders of all sizes. This high-level overview notes key takeaways from the Final Rule before becoming effective May 11, 2023. Key Takeaways from the most recent May 2023 Procedural Notices are outlined here. The changes enacted by the Final Rule

What lenders need to know about the SBA’s renewed focus on the credit elsewhere analysis, and how to write more efficient analyses for the SBA loan approval process. The credit elsewhere analysis is a required component of the SBA 7(a) loan credit memo and must pass the SBA’s standards to prevent timeline delays in obtaining

This article is excerpted from The Windsor Advantage Mid-Year Lending Report, a market outlook for government-guaranteed lenders. Lenders that can adapt to processing higher quantities of smaller loans may be better prepared for the future landscape of SBA lending based on 2022 behavior and data. A key initiative for the SBA in 2022 is increasing