This is a reminder that the SBA Procedural Notice 5000-846991 on Implementation of Removal of the Loan Authorization became effective today, May 12, 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.