SBA Notices

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

Implementation of the Final Rule on Affiliation and Lending Criteria for the SBA Business Loan Programs (88 FR 21074, effective May 11, 2023) and raising of the maximum loan amount for 7(a) Small loans Read our key takeaways from the May 2023 SBA Procedural Notices. Should you have any questions about the changes in the

Implementation of Removal of the Loan Authorization in accordance with the Final Rule on Small Business Lending Company (SBLC) Moratorium Rescission and Removal of the Requirement for a Loan Authorization (88 FR 21890, effective August 1, 2023) In order to accommodate system updates, for the 7(a) Loan Program only, the SBA revised Notice 5000-846991 to

Updated Notice on First Draw Paycheck Protection Program Loan Increases After Enactment of the Economic Aid Act

Second Extension of Notice Providing Guidance on Underwriting 7(a) Loans during the COVID-19 Pandemic and Miscellaneous Related Matters Procedural Notice Synopsis The SBA issued SBA Procedural Notice 5000-808534 on April 14th, 2021 which serves as a great reminder that we as lenders must continue to practice prudent lending in our evaluation of new SBA loan

Guidance on 7(a) and 504 Loans with Monthly Installments in Excess of $9,000 The notice provides supplemental guidance for lenders that have loans sold into Secondary Market pools when the maximum $9,000 payment made by SBA under Section 1112 of the CARES Act, as amended, is less than the total installment amount due. For a