This message is a follow-up to the information that we previously provided regarding the August 7, 2025, Executive Order (EO), Guaranteeing For Banking for All Americans, and the August 26, 2025, SBA General Counsel letter which requires that, within 30 days of the December 5, 2025, EO deadline, each SBA lender provide a “detailed report addressing and evidencing [its] compliance with each of the [four specific] requirements” spelled out in the letter.
Based on feedback that we have received, NAGGL understands that lenders have serious concerns regarding exactly what they need to do to be fully compliant with these new and critical requirements. So, we wanted to make you aware of the steps that we are taking to support you.
First, we are compiling the questions and recommendations that we are receiving from our members. We also are coordinating with the other financial trade associations to share the concerns of each of our memberships in order to have the most complete picture possible of lenders’ issues regarding the EO. As soon as we can complete our compilation of the questions and concerns that we are hearing from all sources, we will provide that information to SBA with the request that the agency provide additional guidance to enable lenders to successfully comply with the EO. We will continue to work on this important issue and will keep you in the loop as additional information becomes available.
