ROM 10-03 – Notice of Finding and Recommendation on Recovery Act Loans Involving Change of Ownership Transactions
… business, as required under Standard Operating Procedure (SOP) 5010 5(a). Eligibility for the other three loans was … to make an informed, risk-based decision. CRITERIA: SBA SOP 50 10 5(a) requires a loan involving the refinancing of … not own 100 percent of the business it is purchasing. SBA SOP 50 10 5(a) states that under a change of ownership …