SBA SOP 5010 7. 1 Technical Updates Procedural Notice 12/6
The SBA has issued a new notice, Procedural Notice 5000-852522, effective from December 6, 2023. This notice introduces changes related to:
1. Lease terms
2. Equity requirements for for Standard 7(a) loans that finance complete partner buyouts and partial changes of ownership
3. 7(a) loans that finance same institution debt
4. Loan maturity for for 7(a) loans that finance complete changes of ownership.
Please download the Notice for complete details on the four topics addressed.