In an email sent to all individuals who have signed up to receive Office of Capital Access (OCA) communications, SBA provided additional details about, and links to, its upcoming trainings and the question-and-answer sessions that it is holding to “familiarize the lending community with the updates to SOP 50 10 8.1”.
As described by SBA, “each training module will target a single component of the SOP”. The training sessions will be held as follows:
- Tuesday, August 25, 2 p.m. ET – SOP 50 10 8.1 Overview
Focus: 7(a) Loan Program | - Wednesday, August 26, 2 p.m. E.T. – SOP 50 10 8.1 Overview
Focus: Changes of Ownership Transactions | - Thursday, August 27, 2 p.m. ET – SOP 50 10 8.1 Overview
Focus: 504 Loan Program |
Following these training sessions, SBA also will host a series of four interactive office hours sessions that will give lenders the opportunity to ask questions and receive real-time clarifications regarding the policies in the new SOP. The interactive sessions will be held as follows:
- Wednesday, September 2, 2:00pm EST – SOP 50 10 8.1 Office Hours
Session 1 | Join Here - Thursday, September 10, 2:00pm EST – SOP 50 10 8.1 Office Hours
Session 2 | Join Here - Tuesday, September 15, 2:00pm EST – SOP 50 10 8.1 Office Hours
Session 3 | Join Here - Wednesday, September 23 – SOP 50 10 8.1 Office Hours
Session 4 |
If you have not already signed up to receive communications from SBA’s OCA, you can do that by clicking the following links:
Subscribe to SBA OCA 7(a) Loan Program Newsletter
Subscribe to SBA 7(a) Community Advantage Policy Newsletter
Subscribe to SBA 7(a) Working Capital Pilot Program Newsletter
Subscribe to SBA OCA 504 Loan Program Newsletter
NAGGL also is offering a series of webinars on SOP 50 10 8.1:
- 8/27 – SOP 50 10 8.1: What Lenders Need to Know Now
- 9/3 and 9/17 (two offerings) – Changes of Ownership: Introducing SBA’s New Requirements
- 9/8 – Quality of Earnings Reports: Understanding and Meeting SBA’s New Requirements.
Visit www.naggl.org for additional information and to register for these important webinars.