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Archive for the ‘SBA SOP changes’ Category

September 15, 2009 New SBA Changes to go into Effect October 1, 2009

We’ve been following the changes that the Small Business Association (SBA) has made to its SOP and have written about them here and here. The changes have resulted in businesses having difficulty securing funding, especially funding to put toward a business acquisition, so the SBA agreed to review its changes and decided to put amended [...]

April 21, 2009 Pending SBA Loan Policy

The number of Small Business Administration-approved loans is declining — so far this year, the number of loans is down 50% from this time last year. Many factors have contributed to this decline. Lenders say that high fees associated with SBA loans make them less profitable. And the practice of selling loans to a secondary [...]