Lori,

This month we're talking about The Positive Side of Pain Points and about the 1502 Modernization. We've also seen SBA issue the SOP 50 10 8, with the return of some requirements from 50 10 6, and then the issuance of SOP 50 10 8 Technical Updates. 

Let’s just say that left us with a lot to unpack going into summer.

But as we said in the pain point article, relying on your team for input and discussion about how the changes impact your program is key to getting to the finish line – quickly, effectively, and accurately.

SBA FY 2026 Congressional Budget Justification & Annual Performance Plan

Universal Purchase Package (UPP) v3 Effective 5/1/2025

Release Notes: Modernized 1502 Reporting 1.7 issued 5/2/2025

SBA Policy Notice 5000-868068: Policy Updates re Community Advantage Small Business Lending Companies participation, loan volume & capitalization Effective 5/5/2025

Modernized 1502 Process: 1502 Reporting Module withing MySBA Loan Portal issued 5/15/2025

Application for Pool of Guaranteed Interest Certificates Effective 5/19/2025

Borrowing Base Certificate Transcript of Account (TOA) Tool Updated 5/22/2025

SBA Information Notice 5000-868665: Issuance of SOP 50 10 8 with Technical Updates Effective 5/29/2025

OIG COVID-19 Economic Injury Disaster Loan Servicing Capability Effective 5/29/2025

SOP 50 10 8 with Technical Corrections Effective 6/1/2025 Issued 5/29/2025

SOP 50 10 8 with Technical Corrections TRACK CHANGEs Effective 6/1/2025 Issued 5/29/2025

SBA Franchise Directory Effective 5/30/2025



Pain points. Bottlenecks. Inefficiencies.

Every SBA Portfolio Manager deals with them.

And your SBA portfolio can stagnate if you don’t address them, with unfortunate (to say the least) consequences for your SBA program.

Last December, we wrote optimistically about the new “modernized” Form 1502 reporting process. Given what we saw on the SBA website, it seemed things should roll out reasonably smoothly.

Oops. It hasn’t exactly gone as planned. In this article, we’ll touch on a few of the more challenging issues that have come up and offer some suggestions on what to do.

With the new SOP 50 10 8 effective on the first of this month, in our next Newsletter, we’ll be sharing our thoughts on some of the changes and their potential impact to your program, including – of course – tips on how to ensure compliance. 

We’re here to help as always; give us a call at 877.576.0819 or drop us a note through our website, and we’ll talk about how we can support you in having the best year yet.

Your Team at LRM Lender Consultants,