As SBA lending continues to evolve, staying current on policy and procedural changes is essential. This course offers a timely and detailed exploration of what’s new in SBA lending for 2025, including updates that will directly impact loan applications submitted through E-Tran on or after June 1, 2025. Attendees will gain clarity on the implications of new SBA requirements and how changes to SOP 50 10 8 affect loan eligibility, underwriting, documentation, and closing processes. Whether you are directly submitting loans, reviewing documentation, or overseeing compliance and approval workflows, this training will provide the essential updates you need to confidently move forward under the new SOP and regulatory guidance.

Objectives
• Understand the SBA notices issued in 2025
• Gain a clear understanding of the changes in SOP 50 10 8, effective June 1
• Apply updated rules and procedures to loan applications submitted on or after June 1st

Topics Covered
• Changes to lenders with delegated authority
• Revised franchise procedures
• Updates to equity injection requirements and documentation
• Changes affecting passive and ineligible businesses
• New guidance for businesses owned by non-citizens or lawful permanent residents
• Updates to Credit Elsewhere and Customer Identification Programs
• Improvements to leased space requirements
• Revisions to IRS tax transcript, hazard insurance, and flood insurance policies
• Updates to environmental procedures
• Refinancing rule changes and partial ownership transitions
• Revisions to credit memo, collateral, and loan closing requirements
• Changes to Small Loans ($350K and under), SBA Express, and Standard 7(a) loans over $350K
• Introduction of the Universal Purchase Package
• And more as SBA policies continue to evolv