Top things to know about the June 1, 2025, the U.S. Small Business Administration (SBA) has implemented significant changes to its Standard Operating Procedure (SOP) 50 10 8, which governs the 7(a) and 504 loan programs
The SBA's June 2025 updates to its loan programs introduce stricter requirements for equity, citizenship, and documentation, impacting small business financing.
May 22, 2025