Click above image to view the new SBA SOP

The U.S. Small Business Administration (SBA) has released the much anticipated update to the Lender and Development Company Loan Programs.

  • The SOP 50 10 5(K) will become effective April 1, 2019, and will apply to all applications received by SBA on or after that date.
  • Participants must continue to use SOP 50 10 5(J) for SBA 7(a) and 504 applications submitted through March 31, 2019.

If you have questions about the SOP 50 10 5(K) notice , please do not hesitate to contact Your SBA Legal Department at Jellum Law