NEW SOP 50 10 7.1 to be announced on Tuesday’s (10/24) 7(a) Connect Quarterly Update

Join the SBA this coming Tuesday, Oct. 24th at 3:00 Eastern for a 7(a) Connect Quarterly Update announcing the publication of SOP 50 10 7.1.

Use this link to log into the call at 3:00 Eastern on Tuesday, October 24.

SBA’s OCA Acting Associate Administrator, Katie Frost, will be kicking off the call. Katie and OFA’s 7(a) loan policy team will discuss the updates to SOP 50 10 7.1 that SBA is making in response to lender feedback.

SBA’s projected date for publishing SOP 50 10 7.1 is Mon. Oct. 23. The projected effective date is Nov. 1.

Additionally:

SBA’s OPSM and OFPO teams will be discussing SBA’s Risk Mitigation Framework and the eligibility/compliance check process.

SBA’s OFPO team will provide helpful information on CAIVRS checks.