This is a reminder that the SBA Procedural Notice 5000-846607 on Implementation of the Final Rule on Affiliation and Lending Criteria for the SBA Business Loan Programs became effective today, May 11, 2023. Click here to read more on the SBA website.

Additionally, it is important to remember that SOP 50 10 6 remains in effect (except as specifically amended by the SBA Procedural Notice), until August 1, 2023, at which time SOP 50 10 7 becomes effective.

If your lending institution has questions regarding SBA requirements, or any other SBA lending matters, please contact Your SBA Legal Department® at SBAQuestions@JellumLaw.com.