Lori,

As the weather warms, the daffodils bud and bloom, and the birds enthusiastically discuss their avian state of affairs, we all experience a renewed sense of energy after winter. Let’s see what that means for our SBA teams!

Notices from SBA in February

SBA 7(a) Quarterly Connect Calls 2024 dates and links: April 22, 2025; July 15, 2025; Oct. 25, 2025

SBA 504 Quarterly Connect Calls 2024 dates and links: Mar 11, 2025, June 10, 2025; Sept. 9, 2025; Dec. 9, 2025

SBA Form: Notice of Originator Fee issued 2/7/2025

Revised Notice of Originator Fee Form issued 2/11/2025

Release Notes: Modernized 1502 Reporting 1.3 issued 2/12/2025

Updated Personal Financial Statement Form 413 effective 2/13/2025

News Release: SBA Administrator Loeffler Issues Memo on Day One Priorities published 2/24/2025

Modernized 1502 Process: 1502 Reporting Guide to Error and Warnings Messages PPT issued 2/26/2025

Modernized 1502 Process: Reporting User Guide and FAQ issued 2/28/25



Modernized 1502 Process: 1502 Reporting Module within MySBA Loan Portal PPT issued 2/28/2025



Banks have a deserved reputation of being traditionalists, slow to adopt new technologies and often bound up in “how we’ve always done it around here.”

There are many good reasons for this.

Mergers are seldom easy, no matter what industry you’re in.

Bank mergers, with all the associated regulations and financial complexities, are even less easy.

And in our experience, some lenders don’t place enough focus on SBA loans, since this is a small portion of their overall portfolio.

How many of us start spring cleaning projects, whether at home or in the office?

Does spring cleaning apply to your SBA portfolio? We’d say, Yes! And that’s where we can help: by taking a comprehensive look at not just your loans, but also your processes and (our favorite thing!) your checklists. Give us a call at 877.576.0819, connect with us through our website contact form, or reply directly to this email. We’ll talk about how we can help with your SBA spring cleaning efforts.

Your Team at LRM Lender Consultants,