Join hosts Paul Long and Tonya Mazurek on SBA Today as they discuss the latest nominee for SBA administrator, Kelly Loeffler, and her potential impact on small businesses.

Delve into clarifying procedural notices, including changes to lien requirements on vehicles, tax transcript protocols, and do-it-yourself construction policies.

Understand the intricacies of C-PACE financing and maturity terms for ownership changes. Stay informed about the nuances of refinancing debt via merchant cash advances.

Whether you're involved in SBA lending or just curious about the changes, this episode offers valuable insights for industry professionals.

Key Takeaways:

• New SBA Leadership Speculation: Discussion about the potential new head of the SBA and the implications for small businesses.

• Procedural Notice Clarification: Detailed breakdown of SBA’s 14-page procedural notice, highlighting changes in loan maturity evaluations and collateral requirements.

• Community Property and Collateral: Insight into SBA requirements in community property states and simplified collateral guidelines.

• Do-It-Yourself Construction Rules: New rules for DIY construction loans, addressing previous confusion and easing lender concerns.

• Merchant Cash Advance Clarifications: Simplified refinancing rules for merchant cash advances, making SBA loans more accessible.

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. 

Are you a business owner or prospective business owner? Let’s see how we can help you.

If your business or perspective business is in:

Washington, Oregon, or Idaho contact: Paul Long at Gesa Credit Union [email protected]

Colorado, Texas, Missouri, Florida, Arizona, and Tennessee contact: Tonya Mazurek at Midwest Regional Bank [email protected]