The new SBA SOP 50 10 7 is effective August 1, 2023. Download the SBA SOP 50 10 7 pdf below, and explore additional resources for understanding and adapting to the impacts of the SBA’s changes in 2023 with our SBA SOP HQ (coming soon). Please note, this SOP has been updated with version 50 …
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 …
New 2023 SBA Procedural Notices: Key Takeaways for Lenders Read More »
The purpose of this Notice is to inform 7(a) Lenders, Certified Development Companies (CDCs), together known as “SBA Lenders,” SBA employees, and Applicants and Borrowers of the 7(a) and 504 Loan Programs of the issuance of Standard Operating Procedure (SOP) 50 10 7, Lender and Development Company Loan Programs. Should you have any questions about …
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 …
Credit Elsewhere Analysis for the SBA Loan Credit Memo: Updated 2023 Read More »
Temporary changes to the SBA program have enhanced the benefits to borrowers and lenders, making now the ideal time to develop an SBA lending strategy. After helping lenders across the country develop successful SBA programs, we have taken these insights and developed a 4-step Playbook for lenders. In this whitepaper you will learn about: How …
The 4-Step Playbook for Developing a Successful SBA Lending Strategy in 2021 Read More »
Sitemap | Contact Us
© 2022 Windsor Advantage. All Rights Reserved.