SBA Hot Topic Tuesday – Revised SBA 5010 5(F) Effective July 1
July 1, 2014
By Bob Coleman
Editor, Coleman Report
SBA has updated its Loan Processing SBA 5010 5(F) in include the new underwriting procedures for SBA 7(a) loans less than $350,000.
The following changes have been made:
Chapter 4:
Replace Paragraph I.A. through Subparagraph I.A.1 with the attached paragraphs. (Pages 157-158)
Chapter 5:
Replace Paragraph III.D.1a) with the attached paragraphs (Pages 108-186)
Chapter 6:
Replace Paragraph 1.A.2.t) with the attached paragraphs (Page 195)
Chapter 7:
Replace Paragraph IV.F.3.a) with the attached paragraphs (Page 209)
You may download a copy of the revised SBA 5010 5(F) SOP here.