Lori,

Well, we hope you have your dancing shoes on, because SBA sent out a lot of changes in just a few short weeks!

SBA 7(a) Quarterly Connect Calls 2025 dates and links: April 22, 2025; July 15, 2025; Oct. 25, 2025

SBA 504 Quarterly Connect Calls 2025 dates and links: Mar 11, 2025, June 10, 2025; Sept. 9, 2025; Dec. 9, 2025

March 2025: Fiscal Transfer Agent Services for SBA 7(a) Secondary Market published 3/3/2025

OIG Report: Open Recommendations as of 12/31/2024 effective 3/3/2025

Modernized 1502 Process: Establishing ACH Payment published 3/4/2025

Release Notes: Modernized 1502 Reporting 1.4 published 3/5/2025

SBA Policy Notice 5000-865754: Policy updates to comply with Executive Order 14159 re: citizenship requirements for obtaining 7(a) and 504 loans. effective 3/7/2025

Payments to FTA: Instructions - Lenders published 3/12/2025

SBA Form Instructions: 1502 Field Descriptions published 3/12/2025

SBA Information Notice 5000-865585: SBA Form 1919 Updated for Executive Order 14168 effective 3/19/2025

SBA Form 1919 effective 3/19/2025

SBA Procedural Notice 5000-866054: Updated to SOP 50 10 7.1 Section A, Chapter 5, Paragraph E, Environmental Polices and Procedures effective 3/20/2025

SBA Information Notice 5000-865765: 3rd Qtr Optional Peg Rate, Direct Interest Rate and Maximum Interest Rate of a 3rd Party Lender Loan for a 504 Project effective 3/20/2025

SBA Information Notice 5000-865775: Revising 7a Fees (including WCP Pilot) for FY 2025 effective 3/24/2025

Audits Division Oversight Plan effective 3/25/2025

Export Working Capital Program (EWCP) Lenders updated 3/25/2025

SBA Procedural Notice 5000-866498: Requirement to provide owner DOB in E-Tran effective 3/26/2025

SBA Information Notice 5000-865664: SBA Form 1244 Updates to Conform w/Executive Order 14168 effective 3/28/2025

Form 1244 effective 3/28/2025

OIG Report: COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape Recommendations Update effective 3/31/2025



Part I of our series on how to handle the SBA portfolio during a merger - discussed what you need to do before the merger: assessing the other bank's SBA department's strengths and weaknesses as part of overall due diligence.

(Did you miss parts I and II, reviewing what to focus on before and during a bank merger for SBA 7(a) teams? Part I is here, and part II is here.)

The dust is settling. The merger has closed. Your teams have combined, which probably means you’ve also had to say farewell to some of your teammates; that’s a sad and challenging thing that happens when companies merge, banks or otherwise.

Now what?

As Ginger Rogers said about her experience dancing with Gene Kelly, “I did everything he did, but backwards and in high heels.”

Riffing on that scenario, we’re all Ginger Rogers, dancing backwards and in high heels as the SBA leads us through these changes!

Want some help? We may not be able to dance like Ms. Rogers, but we certainly know our way around SBA and their updates. Give us a call at 877.576.0819, or drop us an email through our website contact form, here. Or just reply to this email! We’ll set a time to talk about dancing lessons – and SBA updates.

Your Team at LRM Lender Consultants,