Greetings!

We’re coming up fast on the last quarter of the year (how time flies!). And that means it’s time to think about planning, reviewing, and what you need to stay current as we look to 2026.

SBA 7(a) Quarterly Connect Calls 2024 dates and links: Oct. 25, 2025

SBA 504 Quarterly Connect Calls 2024 dates and links: Sept. 9, 2025; 
Dec. 9, 2025

SBA OIG audit report: SBA’s Collection Efforts on Delinquent COVID-19 EIDLs effective 8/12/2025

1502: Reporting common Errors/Exceptions issued 8/15/2025

Calendar Year 2025: Due Dates Calendar issued 8/15/2025

PPP: SBA Form 1502 Reporting issued 8/15/2025

Payments to FTA: Instructions – Lenders issued 8/15/2025

SBA Form Instructions: 1502 Field Descriptions issued 8/15/2025

Program Guidelines: Secondary Market Loan Sales Guide issued 8/15/2025

SBA Form: Notice of Originator Fee issued 8/15/2025

SBA Form 1088: Form of Detached Assignment for US SBA Loan Pool or Guaranteed Interest Certificate effective 8/18/2025

U.S. SBA Implementation Plan for Executive Order 14303: Restoring Gold Standard Science updated 8/22/2025

Care and Preservation of Collateral (CPC) Tabs effective 8/27/2025

SBA Information Notice: 5000-872051 7(a) Fees Effective 10/1/2025 for FY 2026 and 90-Day Rule Clarification effective 8/28/2025

SBA Information Notice: 5000-871532 504 Fees for FY 2026 effective 8/28/2025

Franchise Directory effective 8/28/2025



SBA debt refinancing can get complicated – and staying aligned with SBA guidelines for Lenders is essential.

The latest SBA guidance in SOP 50 10 8 provides clarification on multiple issues. They’ve updated how debt refinancing is handled, and they’ve also reinforced the importance of the long-standing message that SBA loans aren’t intended to transfer risk or cover Lender losses.

Let’s take a look at some of the updates...

For a new business – or any business involving a complete change of ownership – to qualify for a loan, SBA requires fully-documented projections showing how the business will achieve positive cash flow within two years.

I’m sure we don’t need to say be careful with the assumptions involved. We all know the old saying about what “assume” really means!

With that in mind, let’s take a look at some of the requirements, challenges, cautions, and recommendations, both from the standpoint of the initial SBA loan package and for loans in difficulty.

It might seem like 2026 is still far off, what with holidays and everything else between now and then. But that’s all the more reason to take a careful look now at what needs to happen, so you’re not caught short at the end of the year.

Are there gaps in your team’s knowledge of the latest round of SOPs? Are you set up for your annual third-party loan reviews? What are your plans for 2026?

We can help with training, those loan reviews, and with strategic considerations for the upcoming year in what looks to be a volatile environment. Not to mention how to navigate through the gray areas that sometimes show up in SBA lending, like a sneaky fog on what was a clear path. Give us a call at 877.576.0819, or drop us a line through our contact form, and we’ll talk about how we can help!

Your Team at LRM Lender Consultants,