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SBA Procedural Notice SOP Update 2023
Manage episode 367870050 series 2518941
The SBA has published updates to the Standard Operating Procedures manual replacing SOP 50 10 6 with SOP 50 10 7. These updates will become effective August 1, 2023. There has been much debate when and how lenders will implement these updates. The short answer is we’ll have to wait and see.
For now it’s enough to understand the enormous changes that have taken place and how searchers, entrepreneurs and business owners will benefit.
The reason I’ve waited to publish this information on The MY SBA Loan Pro Podcast until now is to let the dust settle and provide feedback from real world scenarios.
This episode will focus on the following updates:
The “So Called” Long Winded Statement
A Standard Loan Vs a Small Loan
Full Change of Ownership
Partial Change of Ownership
Franchise Directory
Personal Resource Test
Life Insurance
Ryan is always available to speak with his loyal podcast listeners. Please schedule a call via https://mysba.pro/cal to get started today!
If you liked this content, let's connect on social media: Instagram: https://instagram.com/mysbapro Twitter: https://twitter.com/mysbapro LinkedIn: https://linkedin.com/in/ryanpatryck
More ThinkSBA Resources
https://calendly.com/thinksba - Schedule Call https://g.page/thinksba - Google Business Page & Reviews https://thinksba.com/faq - Frequently Asked Questions https://mysbaloanpro.com - My SBA Loan Pro Podcast https://youtube.com/@thinksba - YouTube Channel
66 episodes
Manage episode 367870050 series 2518941
The SBA has published updates to the Standard Operating Procedures manual replacing SOP 50 10 6 with SOP 50 10 7. These updates will become effective August 1, 2023. There has been much debate when and how lenders will implement these updates. The short answer is we’ll have to wait and see.
For now it’s enough to understand the enormous changes that have taken place and how searchers, entrepreneurs and business owners will benefit.
The reason I’ve waited to publish this information on The MY SBA Loan Pro Podcast until now is to let the dust settle and provide feedback from real world scenarios.
This episode will focus on the following updates:
The “So Called” Long Winded Statement
A Standard Loan Vs a Small Loan
Full Change of Ownership
Partial Change of Ownership
Franchise Directory
Personal Resource Test
Life Insurance
Ryan is always available to speak with his loyal podcast listeners. Please schedule a call via https://mysba.pro/cal to get started today!
If you liked this content, let's connect on social media: Instagram: https://instagram.com/mysbapro Twitter: https://twitter.com/mysbapro LinkedIn: https://linkedin.com/in/ryanpatryck
More ThinkSBA Resources
https://calendly.com/thinksba - Schedule Call https://g.page/thinksba - Google Business Page & Reviews https://thinksba.com/faq - Frequently Asked Questions https://mysbaloanpro.com - My SBA Loan Pro Podcast https://youtube.com/@thinksba - YouTube Channel
66 episodes
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