Issuance of SOP 50 10 5(K)
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SBA has issued SOP 50 10 5(K), Lender and Development Company Loan Programs, effective April 1, 2019.
This update to the SOP provides additional guidance and incorporates revisions to conform to changes in SBA regulations and loan program requirements including, but not limited to, the Final Rule on Debt Refinancing in the 504 Loan Program (83 FR 19915), the addition of a 25-year Debenture in the 504 Loan Program, and revisions to guidance on credit elsewhere, minimum equity requirements for certain 7(a) loans, and the eligibility of marijuana-related and hemp-related businesses issued in SBA Policy Notice 5000-17057.
Users are advised to fully read SOP 50 10 5(K) to ensure understanding of all changes.
The SOP 50 10 5(K) will become effective April 1, 2019, and will apply to all applications received by SBA on or after that date. Participants must continue to use SOP 50 10 5(J) for SBA 7(a) and 504 applications submitted through March 31, 2019.
Variations of this document
- Effective: | File size: 174KB | Download .pdf for / February 15, 2019