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What is the new SBA final rule?

The final rule amends the regulation to capture SBAs current policies or otherwise clarify the language as far as the new unlimited-in-two rule; SBAs treatment of populated versus unpopulated joint ventures; the ostensible subcontractor rule; SBAs counting of receipts for populated joint ventures; decisions of the

What is the new lending program in 2023?

The new lending program, called the Bank Term Funding Program (BTFP), is effective March 13, 2023. The BTFP offers recourse loans with maturity dates of up to one year to borrowers including banks, savings associations, credit unions and other eligible depository institutions.

Is there a new round of SBA loans?

As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances.

What are the SBA updates for 2023?

Beginning May 2023, simplified underwriting can be used for loans $500,000 or less, including: Through an acceptable SBSS score, currently 155 and above. Through cashflow analysis. Through the lenders same policies and processes they use for similar-sized non-SBA guaranteed loans, including use of credit scoring

What is the new SBA final rule?

The final rule amends the regulation to capture SBAs current policies or otherwise clarify the language as far as the new unlimited-in-two rule; SBAs treatment of populated versus unpopulated joint ventures; the ostensible subcontractor rule; SBAs counting of receipts for populated joint ventures; decisions of the

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