SBA has posted to its partners/lenders website a list of recorded trainings presented by SBA staff that are now available on a free, on demand basis. A number of the presentation topics relate to the recent regulatory changes and the upcoming SOP 50 10 7 changes, including, among others:
- How the Final Rules on Affiliation and SBLCs Have Changed SOP 50 10 6 Procedures
- Primary Eligibility Certification by Applicant and Verification by SBA
- Changes Made by the Final Rule on Affiliation
- Using 7(a) Loans to Fund Partial Changes of Ownership
- Conversion of CA Pilot Program Lenders to CA SBLCs
- The Concept of “Do What You Do”
- SOP 50 10 7 Insurance Requirements
- SOP 50 10 7 Credit Elsewhere Requirements
- SOP 50 10 7 Financial Information Verification Requirements
- SOP 50 10 7 Requirements for 7(a) Small Loans and SBA Express Loans
- SOP 50 10 7 Requirements for Standard 7(a) Loans (loans over $500,000)
SBA also is looking for additional training topics. Please send your suggestions to [email protected].
[NAGGL is revising its 7(a) courses to include all of the 7(a) program changes made by the Final Rules and those being made by SOP 50 10 7 which takes effect on August 1, 2023. We will make similar updates to the courses impacted by changes in SOP 50 57 3, 7(a) Servicing and Liquidation, and by the new SOP 50 56 which will cover material currently included in Part 1 of SOP 50 10 6, Participating in the SBA 7(a) and 504 Loan Programs, as soon as those SOPs are issued. Please visit NAGGL’s education calendar for more information on our upcoming updated courses.]
