Greetings!

There's a lot happening - plenty of opportunity, and we definitely need to prepare!

Fortunately, there’s a breather from SBA notice updates and releases. Which means Lori can prepare for her participation at the America East conference, running from August 4^th through the 6^th. She’s part of a panel discussion on the 5^th on Loan Servicing; you can see the full schedule here: https://americaeast.net/session-details.

There's more to come, and we'll keep you posted!

Urgent: PPP 1502 Transition to New Reporting Module issued 7/11/2025

SBA Franchise Directory effective 7/15/2025

The FTA is Moving! Issued 7/15/2025. Move 8/18/2025

Modernized 1502 Process: 1502 Data Validation Walkthrough (recording) issued 7/21/2025

Instructions for Use of SBA Form 148 and SBA Form 148L updated 7/24/2025



SBA From 3513 Declaration of Identity Theft effective 7/25/2025



For lenders actively participating in the SBA 7(a) or 504 loan programs, data accuracy isn’t just a matter of good recordkeeping—it’s a critical SBA compliance requirement and a safeguard for your SBA loan guarantees. At the heart of it all is E-Tran, the SBA’s electronic loan processing and servicing system.

We all know the rules around ownership changes can get a little tricky, especially when navigating SBA guidelines for lenders. But here’s the good news: the SBA made some helpful updates in SOP 50 10 8.

Whether you're financing a full buyout or just shifting ownership between partners, these changes are worth knowing. Let’s break down what’s new.

Conferences are an important part of staying up to date on all things SBA. Lori is an extrovert who loves the networking opportunities and the chance to bring back updates to share with you, our SBA community. Even if you’re not an extrovert, you can learn so much from the breakout sessions, panel discussions, and how your colleagues at other SBA lenders are navigating the same challenges you face.



Can’t attend? Need training support or help reviewing your loan files? Give us a call at 877.576.0819, or drop us a note through our website form here. We look forward to helping!

Your Team at LRM Lender Consultants,