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Updates to SOP 50 10 7.1

Summary

A listing page for the SBA notice Updates to SOP 50 10 7.1, effective December 6, 2023, owned by the Office of Capital Access, with OMB Control Number 5000-852522 and the 133KB PDF for download under the 7(a) program. It describes the notice as revising provisions on borrowers operating in leased space, equity requirements for complete partner buyouts and partial changes of ownership, and 7(a) loan maturities for complete changes of ownership, and clarifying the use of 7(a) proceeds to refinance same-institution debt, effective on the notice date, with a last update of December 8, 2023.

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Full text

SOP 50 10 7.1

Updates to SOP 50 10 7.1

About this document and download

The purpose of this Notice is to revise provisions in SOP 50 10 7.1 related to Borrowers operating in leased space, equity requirements for complete partner buyouts and partial changes of ownership, and 7(a) loan maturities for complete changes of ownership. This Notice also clarifies provisions related to the use of 7(a) loan proceeds to refinance same institution debt. The revised provisions are effective as of the date of this Notice.

Download .pdf

File size: 133KB

Effective : December 6, 2023

Owned by : Office of Capital Access

OMB Control Number : 5000-852522

Related Programs : Related programs: 7(a)

Variations of this document

- Effective: December 6, 2023 |

 File size: 133KB | Download .pdf for / December 6, 2023

Last updated December 8, 2023

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document-sop-50-10-71-updates-sop-50-10-71.html
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Our copy
document-sop-50-10-71-updates-sop-50-10-71.html
Original
www.sba.gov
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