The Small Business Administration (SBA) recently released its much-anticipated Standard Operating Procedures (SOP) 50 10 7 providing significant formatting and procedural updates for all 7(a) and 504 loans. Effective Aug. 1, 2023, the updated SOP will apply to all applications received by the SBA on or after that date. As SBA lenders prepare to welcome the new SOP, Doeren Mayhew has prepared a comprehensive guide outlining the changes. Download the guide today to ensure your understanding of the changes before they take effect.Download Now
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