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Navigating Construction Contingency in 2024 By Kyle Gustafson, National Client Manager, Partner Engineering and Science, Inc.; and Kendra Vincenty, Senior Vice President; Chief Credit Officer, SVP, First Bank of the […]

Join us at the Kentucky SBA Lenders Conference

The New SBA SOPs 50 10 7 and 7.1: Environmental Policy Updates On May 10, 2023, the U.S. Small Business Administration (SBA) issued the newest Standard Operating Procedure (SOP) 50 […]

Navigating SBA’s SOP 50 10 7 Construction Loan Changes: Funds Control, Bonds, and Best Practices Navigating the complexities of handling construction loans in light of the SBA’s recent SOP changes […]

SBA Crash Course – Topic 6: Reliance Letters As part of the U.S. Small Business Administration’s environmental policy, reliance letters, along with certificates of insurance are required for Transaction Screen Assessments (TSAs), Phase […]

CRITICAL FOR SUCCESSFUL LOAN GUARANTEES One of the biggest trends in 2018 involving Small Business Administration construction lending, at both national and regional conferences and client events alike, is the resounding feedback […]

THE IMPACT OF THE NEW SBA CHANGES WILL LIKELY BE EVIDENT IN THE NUMBER OF LOANS MADE BY THE SBA UNTIL THE NEXT CHANGE TO ITS ENVIRONMENTAL POLICY. By now, […]

THE SBA JUST RELEASED THE NEW SOP 50 10 5(J), EFFECTIVE JANUARY 1, 2018. The SBA just released the new SOP 50 10 5(J), which includes (among other revisions) some notable […]

WHAT DOES “PATHWAY” MEAN TO AN ENVIRONMENTAL CONSULTANT? The word “pathway” conjures many images, mostly pleasant.  There’s the scenic and idyllic road less traveled, but preferred by Robert Frost.  In […]