Greetings!

Last month, we discussed how AI can be a valuable tool, but should never be a substitute for experienced judgment.

This month, we're focusing on two areas where disciplined processes make all the difference: SBA Form 1502 reporting and the importance of a Master Checklist that follows every loan from application through payoff.

These topics share a common theme: the strongest SBA lending operations aren't built on reacting to problems. They're built on consistent processes that help prevent them in the first place.



As always, we hope this month's articles provide a few practical ideas you can put to work right away!

SBA 7(a) Quarterly Connect Calls 2026 dates and links: Oct 20th

SBA 504 Quarterly Connect Calls 2026 dates and links: Sept 8^th, Dec 8^th

SBA Lender Connect Calls 2026 dates and links: Nov 10^th

FTA: Release Notes: Modernized 1502 Reporting 3.1 issued 7/10/2026

CAFS: Software Release Updates effective 7/16/2026

SBA Franchise Directory effective 7/24/2026

SBA Active 7(a) Loan Pool Assembler List effective 7/24/2026

SBA Table of Small Business Size Standards last updated 7/30/2026

SBA 7(a) and 504 Lender Report as of 8/2/2026



Artificial intelligence is increasingly shaping how small businesses operate. From automating routine tasks to improving decision-making, AI is changing how companies work, compete, and generate revenue.

As an SBA Lender, have you considered how technology may affect Borrower performance – and how that might shift your long-term SBA portfolio strategy?

AI can be a useful tool for SBA Lenders, helping reduce the time spent organizing information and drafting credit memos. It can summarize documents, identify trends, and create first (emphasis on first, please) drafts in minutes. 

But the rule everyone should remember is: TRUST BUT VERIFY.

Whether you're reconciling SBA Form 1502 reporting, refining your loan workflow, preparing for an SBA review, or looking for ways to improve efficiency across your SBA department, LRM Lender Consultants is here to help.

From SBA consulting and loan reviews to customized training and process improvement, our goal is simple: help Lenders reduce risk, strengthen compliance, and build efficient, repeatable processes that support long-term success.

Is there an SBA topic you'd like us to cover in a future newsletter or an article? A question you’ve been pondering for a while that we can answer? We'd love to hear from you!



Lori & Rebecca – your SBA geeks!

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,