The Small Business Administration (“SBA”) released the much anticipated SOP 50 10 7, Lender and Development Company Loan Programs, which will go into effect on August 1, 2023. Click here to access the full SOP on the SBA’s website.

Additionally, the SBA issued the following notices:

  • SBA Information Notice 5000-847027, Issuance of SOP 50 10 7, effective May 10, 2023, click here to read.
  • SBA Procedural Notice 5000-846991, Implementation of Removal of the Loan Authorization, effective May 9, 2023, click here to read.
  • SBA Procedural Notice 5000-846607, Implementation of the Final Rule on Affiliation and Lending Criteria for the SBA Business Loan Programs, effective May 9, 2023, click here to read.

We will continue to highlight the various changes within the SOP. Watch your inbox for more of these newsletters to catch the details.

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.