November 1, 2016
By Bob Coleman
Editor, SBA Hot Topic Tuesday
SBA Hot Topic Tuesday — SBA Renames 7(a) and 504 to Advantage and Grow
The 7(a) Loan Program has been changed to the SBA Advantage Loan Program.
The 504 Loan Program has been changed to the SBA Grow Loan Program
All policies, procedures and forms are still in effect.
Any changes to the names of the delivery methods within the 7(a) or 504 loan programs will be announced in the future.
The rebranding will roll out over time.
SBA expects a transition period, during which time the website, regulations, Standard Operating Procedures, forms, and vendor software will be updated.