The new SBA SOP just dropped — and it changes everything for acquisitions.
In this episode of SBA Today, Paul Long and Tonya Mazurek dive deep into the 400+ page update to unpack the critical changes going into effect on October 1st.
- 00:45 – **Meet ICAP: The Next-Gen E-Tran & Secondary Market System**
- 02:00 – **New SOP Overview: 416 Pages & October 1st Effective Date**
- 04:20 – **Eligible Expenses, Franchises & MARC Working Capital Updates**
- 08:15 – **Debt Refinancing: 36-Month Ownership Rule & MCA Term-Loan Restrictions**
- 10:55 – **Business Acquisitions: Mandatory Quality of Earnings ($3M+) & Buyer Rebates**
- 14:05 – **Extended Seller Transitions & Co-Borrower vs. Guarantor Liability**
- 16:35 – **The 4 Change-of-Ownership Categories & NAICS Code Rules**
- 21:55 – **Commercial Real Estate: Ending the 25-Year Loophole & Blended Rate**s
- 25:00 – **Equity Injection, External Capital & Minority Equity Investor Guidelines**
- 31:40 – **Underwriting Mandates: 1.25x Historical DSCR, Add-Backs & System Reporting**
🛠This episode is sponsored by SBA Collective — empowering community banks and credit unions to compete and win in SBA lending.
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**Disclaimer:** *The views expressed on this show are our own and not necessarily the views of our employer.*
Tanya MazurekHost
