Policy and Procedures

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 Gas Station Loans

SBA Gas Station Loans

In order to identify and mitigate the environmental risks associated with gas station loans, the U.S. Small Business Administration (SBA) has developed guidelines that loan applicants must follow during the application process. The SBA requires that the Environmental...