SBA 7(a) Small Loans and the New SOP 5010 8 — 5/14
A Comprehensive Review: Writing the Credit Memo for Loans Less than $350k and $50k
A Coleman Webinar
Date: Wednesday, May 14, 2025
Time: 2:00 p.m. Eastern
Includes e-certification & recording
The new SBA SOP 5010 8 has redefined the Administration’s version of its small loan program. Reduced to $350,000, there are special rules lenders may utilize for loans under $350,000 and $50,000.
Significant changes in the new SOP, effective June 1, 2025, include:
The definition of a small loan has been reduced from $500,000 to $350,000
SBA states that applications with an acceptable score require a nominal credit memo. We will define “nominal” and “acceptable.”
We will discuss how to treat applications with an unacceptable score and how to write the credit memo.
Additionally, we will cover GP versus PLP processing and the difference between credit memos for SBA Express Loans and standard 7(a) loans.
And, a credit memo outline will be provided for loans less than $350,000 and for loans less than $50,000.
The new SOP 50 10 8 includes additional SBA small loan changes impacting credit underwriters, such as:
- Use of proceeds
- Working capital
- Start-up financing
- Equity injections
- Debt refinancing
- Hazard insurance
- Collateral requirements
- Life insurance requirements
- Environmental policies
This webinar will also thoroughly discuss the following topics:
- Guarantee percentages
- Interest rates
- Loan terms and conditions
- Structuring a loan program under SBA’s “do what you do” policy
- Internal lender credit scoring options
- Eligibility
- When no collateral is appropriate
- Use of proceeds
- Guarantor requirements
- Cash flow requirements
- Income tax verification
- CAIVRS
- Documenting underserved market borrowers
- SBA 7(a) small loan versus SBA Express loan
- SBA 7(a) small loan versus microloan
- Servicing
- Liquidation
- Purchase guaranty packages
Coleman Report Webinar Benefits:
- Coleman Report webinars provide solutions to problems that left unaddressed will jeopardize the SBA loan guarantee.
- We give management the tools to create prudent credit boxes compliant with SBA’s standard operating procedures.
- We train your staff to ensure compliance of existing and new SBA rules and regulations.
- Tips that solve difficult SBA underwriting, servicing and liquidation challenges.
Your Training Staff
Lance Sexton
A former small business owner, Lance Sexton has a successful history of working with small business owners and students related to entrepreneurship and SBA loan origination, servicing, and liquidation. He has earned three industry training instruction awards for “Best Online Learning Product”. A former SBA Deputy Director of Little Rock Servicing Center, Lance has over 40 years of experience, including 20 years directly managing portfolios of SBA loans. Lance is an adjunct faculty member of University of the Ozarks. He is an Executive Vice President, Managing Director of Servicing and Liquidation at Phoenix Lender Services and has been affiliated with Coleman Publishing for over 10 years.
Bob Coleman
Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.” He is the founder of Coleman Publishing, a publisher of newsletters, reports, data, conferences, webinars, online training videos — to help finance professionals become small business lending experts. Bob is the nationally recognized expert on small business financing. He has appeared frequently on Fox Business News, NPR and other numerous media outlets. He is sourced by all print media. He is a frequent speaker about small business lending throughout the US and EU. Bob has a BA in Medieval History from the University of California Santa Barbara and a MBA in Real Estate Finance from the University of Southern California. Bob has earned numerous awards as a producer of events and video training.
His passion is getting capital to Main Street and Rural American small business. Bob’s SBA lending roots trace back to institutions in Southern California, serving as Sr. Vice President and SBA Manager of a community bank and a Chief Operations Officer of a SBLC. He is a founding director of NAGGL.
Coleman Training Testimonials
“This was some of the best training I have attended. I loved the weekly format, and the narrow focus of the topic. The cost was such that we could have more of our staff attend.” – Regional Bank
“I find that your webinar training sessions are a GREAT way for me to keep current on important things SBA.” – Loan Service Provider
“Thanks for providing this training. It was very informative and helped me a lot. Our Bank highly encourages all our colleagues to take your training program. Highly appreciate your service in enlightening our knowledge.” – Community Bank
How the Webinar Works
We use Microsoft Teams as the webinar platform.
We will open the webinar for attendees to join at 1:30 pm ET. This will give each attendee thirty minutes before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.
Recording
All Coleman webinars are recorded and a link is sent to all attendees.
Single Site License
The single site license grants your institution one viewing of the webinar. It is permissible to use a single site license on one device in a conference room to be viewed by multiple attendees The webinar can be viewed on any device.
Multiple Site License
A multiple site license is an unlimited access pass for anyone at your institution. You will be given a link that will be usable to anyone with your email domain.
Webinar Links and Handouts
The webinar link will be included on your sales receipt.
The link will also be included when we send the presentation and handouts. These will be sent by eod the day before.
Participants Earn Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.
Questions
Questions throughout the webinar are strongly encouraged. There are two ways to ask a question. The first is to ask the question via the chat in Microsoft Teams. The second is to send an email to anna@colemanreport.com. Also, feel free to ask pre and post-webinar questions.
The Fine Print
1) Substitutions are allowed at no charge.
2) Cancellations receive a 100% credit for any Coleman product.
3) As with all our products, we offer a 100% money back satisfaction guarantee — no questions asked.
3 Easy Ways to Order
1) ONLINE — Register and pay online via Stripe
2) EMAIL –Send an email to cindy@colemanreport.com with “Webinar Registration” in the Subject Line. We will do all the paperwork and either send you a sales receipt or an invoice.
3) PHONE — Call us at 818-790-4591.
Bob Coleman
Publisher, Coleman Report
bob@colemanreport.com