Janine Willis

More SBA SOP Revisions – Effective November 2023

More SBA SOP Revisions – Effective November 2023

Earlier this year, the US Small Business Administration (SBA) released the updated Standard Operating Procedure 50 10 7, effective August 1, 2023. Subsequently, a further refinement, referred to as SOP 50 10 7.1, was issued, becoming effective on November 15, 2023. As...

New Changes to the SBA SOP

New Changes to the SBA SOP

The U.S. Small Business Administration (SBA) has released a new Standard Operating Procedure (SOP) for 7(a) and 504 Loan Programs that will become effective August 1, 2023. The new SOP, referenced as SOP 50 10 7 for Lender and Development Company Loan Programs, will...

SBA SOP Changes – Effective January 1, 2018

SBA SOP Changes – Effective January 1, 2018

Effective January 1, 2018, the Small Business Administration (SBA) updated the Standard Operating Procedures SOP 50 10 5 (J) for Lender and Development Loan Programs. In addition to changes incorporated in ERI’s Records Search with Risk Assessment (RSRA) and desktop...