SBA SOP 50 56 1: Lender Participation Requirements
SOP 50 56 1 Lender Participation Requirements is Effective August 1, 2023
• Criteria for 7(a) Lenders and Certified Development Companies to participate in SBA lending programs;
• The different types of delegated authority SBA grants to SBA Lenders;
• How SBA Lenders maintain their participating status with SBA;
• A brief overview of how SBA oversees its participating SBA Lenders; and
• Lender financings and operations, including but not limited to 7(a) loan program Secondary Market transactions, loan transfers, securitization, and Lender reporting.