new eligibility and documentation guidance for certain businesses. The SOP also introduces new SBA Express options, including a new term loan to refinance an original SBA Express loan and options for loans in their revolving period. There are also clarifications around prior losses, current delinquencies and SAFER web searches for certain NAICS codes. What does this mean for lenders? Change-of-ownership deals will require more upfront planning, particularly around financial analysis, equity, valuations and seller financing. Getting familiar with the new requirements now can help lenders identify potential issues earlier and set clearer expectations with buyers and sellers. Putting the Changes into Practice None of these changes needs to slow a deal down, as long as they’re on your radar early. Knowing the new requirements helps you spot opportunities, set the right expectations with borrowers and structure transactions correctly from the start. If a deal could work as either an SBA 504 or 7(a) loan, loop in B:Side early, and we’ll help you sort out which program and structure makes the most sense. Have questions? Scan the QR code to reach out to our client relations officer team. https://bside.org/contact-us/#CRO Getting familiar with the new requirements now can help lenders identify potential issues earlier and set clearer expectations with buyers and sellers. 18
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