SBA "Standard Operating Procedures" (SOP) for Lenders and Certified Development Companies (CDC)

The SBA occassionally updates and modifies it's SOP for 7a and 504 loans. These are the rules and guidelines for how it operates, and this SOP gives critical information to lenders and CDCs on SBA loans. This SOP is effective from Oct 1, 2009.

Why is this important to MnSBDC Professional Business Consultants?

If you want to ensure your clients are 'eligible' for the loan, have the appropriate and acceptable 'collateral' for the loan, and understand the conditions of the loan - to ensure you are properly advising your client - this document is a good place to start.

SOP 50 10 5(B)

http://www.sba.gov/idc/groups/public/documents/sba_homepage/serv_sops_50105b.pdf