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WEBExpress: Defining “Small” for Purposes of SBA Loan Eligibility (Affiliates)
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When: Thursday, July 28
Noon-1:30 pm CENTRAL
Access instructions provided 24 hours prior to event
United States
Presenter: David Starfield (Starfield & Smith) and Jane Butler (NAGGL)
Contact: NAGGL

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Defining “Small” for Purposes of SBA Loan Eligibility (Size & Affiliation)

In order to qualify for an SBA loan, a business must be SMALL as defined by SBA.  Under the agency’s definition, the size determination is based on both the loan applicant alone, and on the loan applicant PLUS ANY AFFILIATES.  SBA recently published a Final Rule (effective 7/27/2016) that modified some criteria that SBA uses to determine affiliation when an entity is seeking an SBA business loan or surety bond guarantee.

Join seasoned 7(a) attorney David Starfield (Starfield & Smith) and NAGGL’s own Jane Butler as they discuss the general rules regarding determining size as well as the just implemented changes to the affiliation and franchise regulations.

[Please note: Although SBA has announced that it will further amend the franchise eligibility requirements and processes in the next version of SOP 50 10 (scheduled to take effect October 1, 2016), this session will NOT discuss those changes ... since they have not been disclosed yet!]

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