Get smart on SBA's business loan program policies.
Content
7(a) Connect quarterly update recordings
- 7(a) Connect Quarterly Update - April 11, 2023 for the 7(a) loan program (topics include the affiliation rule and Community Advantage Pilot Program)
- 7(a) Connect Quarterly Update - October 24, 2023 for the 7(a) loan program (topics include SOP 50 10 7.1 and risk mitigation framework)
- 7(a) Connect Quarterly Update - January 9, 2024 for the 7(a) loan program (topics include the renewal of SBA Forms, hold trends, new compliance codes and updates to SOP 50 10 7.1)
- 7(a) Connect Quarterly Update - April 9, 2024 for the 7(a) loan program (topics include: Lender Match and SBA's Risk Mitigation Framework, Hardship Accommodation Plan (HAP) for COVID EIDL, Non-delegated processing, SBA Form 1086)
504 Connect quarterly update recordings
- 504 Connect Quarterly Update - September 19, 2023 for the 504 loan program (topics include: ETRAN updates, Validation error resolution, Fraud Risk Framework, Credit Alert Verification Reporting System, and CA SBLC transition)
- 504 Connect Quarterly Update - December 12, 2023 for the 504 loan program (topics include: SOP 50 10 7.1 Follow Up, New Compliance Codes, Office of Credit Risk Management Training)
- 504 Connect Quarterly Update - March 12, 2024 for the 504 loan program (topics include PPP and EIDL, Size Standards update, and SOP 50 10 7.1 update)
Recent regulation changes
- SBA’s 2023 final rule revising its regulations on affiliation – effective May 11, 2023 for the 7(a) and 504 loan programs
- What’s changed – How the Affiliation Rule and the SBLC Rule’s removal of the requirement for the loan Authorization have changed the procedures in SOP 50 10 – effective May 11, 2023 and Aug. 1, 2023 for the 7(a) loan program
Community Advantage
- Community Advantage news – Information Notice 5000-846918, Conversion of CA Pilot Lenders to CA SBLCs – as of May 1, 2023 for the 7(a) Community Advantage Pilot Program
- SBA call with CA Pilot Lenders on transitioning to CA SBLCs and updates on recent 7(a) loan program changes Includes audience Q&A. – June 7, 2023 for the 7(a) Community Advantage Pilot Program
- CA SBLC Bi-monthly Training Call - November 2023
- CA SBLC Bi-monthly Training Call - February 2024
- CA SBLC Bi-monthly Training Call - April 2024
SOP 50 10, “Lender and Development Company Loan Programs”
- Navigating SOP 50 10 in Microsoft Word for the 7(a) and 504 Loan Programs
- "Do what you do" or "What SBA means when it instructs Lenders to use the same policies and procedures for its SBA-guaranteed loans that the Lender uses for its similarly-sized, non-SBA guaranteed commercial loans" for the 7(a) and 504 Loan Programs
- Section A, Chapter 1 SOP 50 10 7.1 - effective November 15, 2023, for the 7(a) and 504 Loan Programs
- Credit Available Elsewhere in accordance with SOP 10 50 7.1, effective November 15, 2023, for the 7(a) and 504 Loan Programs
- Verification of Financial Information in accordance with SOP 50 10 7.1 - effective November 15, 2023, for the 7(a) Loan Program
- Insurance Requirements in accordance with SOP 50 10 7.1 - effective November 15, 2023, for the 7(a) Loan Program
- Partial Changes of Ownership in accordance with SOP 50 10 7.1 - effective November 15, 2023, for the 7(a) Loan Program
- Making 7(a) Small and SBA Express Loans in accordance with SOP 50 10 7.1 - effective November 15, 2023
SOP 50 56, “Lender Participation Requirements”
- SOP 50 56 1, effective August 1, 2023 - Topics include SOP 50 56 1 and the transition of CA Pilot Lenders to CA SBLCs
SOP 50 57, “7(a) Loan Servicing and Liquidation”
- SBA SOP 50 57 3 Training - effective August 1, 2023
Other topics
- Basics of SBA's secondary market sales – as of May 31, 2022 for the 7(a) loan program
- Financing 7(a) loans through secured credit agreements – as of June 3, 2022 for the 7(a) loan program
- SBA Form 1086, Secondary Participation Guaranty Agreement Training
- E-Tran Updates including compliance check codes and 7(a) terms and conditions - effective Aug. 1, 2023
- 7(a) Fees for Fiscal Year 2024 - effective October 1, 2023
- SBA's Risk Mitigation Framework including compliance codes - as of Oct 2023
- 504 Loan Program Update Training - October 26, 2023 Training on updates to the 504 Loan Program (topics include SOP 50 10 7.1, 504 Debt Refinancing, and the ALP Express Pilot Program)
- Completing the new SBA Form 1919, Borrower Information Form
- MySBA Lender Match 2.0 Updates