Procedural Notice 5000-852522 is effective December 6, 2023. The December 2023 SBA changes in Procedural Notice 5000-852522 revise provisions in the SOP related to operating in leased space, requirements for buyouts and changes of ownership, loan maturities, and more.
by Ethan Zallik, Director – Loan Originations & Processing This SBA Underwriting Quick Tip comes from the Windsor Advantage SBA Newsletter, a newsletter sharing the latest from our experts in SBA SOP Education and SBA lending trends. How do lenders handle new requirements in the SOP for borrowers in leased space with lease terms that …
SBA SOP Education: Policy Exceptions for Lease Terms Read More »
This article explains the types of strategic partnerships available to lenders through Windsor Advantage’s LSP model and provides guidance for selecting the best partnership for your institution’s lending goals.
The current SBA SOP is SOP 50 10 7.1 SBA SOP 50 10 7.1 is effective November 15, 2023. This version replaces the expected technical corrections to the 2023 SBA SOP changes implemented by SOP 50 10 7. Download the full SBA SOP 50 10 7.1 file below.
Released August 29, 2023, this SBA notice removes the SBA guaranty fee for borrowers of $1Million or less and announces new annual fees for SBA lenders. The changes are effective October 1, 2023. Ask Windsor: SBA Underwriting Support As the nation’s leading LSP, our team of SBA loan underwriting, processing, and servicing experts is at …
(New Guaranty Fees) SBA Procedural Notice 5000-848801 Read More »
by Ethan Zallik, Director – Loan Originations & Processing 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 …
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