As the SBA landscape reacts to new regulatory demands, both lenders and borrowers are negotiating a terrain that blends historical rules with emerging priorities.

Join Paul Long and Tonya Mazurek on SBA Today as they unravel the latest developments impacting small businesses and SBA lending. This episode dives into the new "Make Onshoring Great Again" portal designed to connect businesses with American suppliers, boosting domestic supply chains.

But that's not all – discover how recent SBA rule changes are making business acquisitions tougher, with real-world examples of deals falling apart due to new requirements for personal guarantees, licensing, extended seller standby periods, and citizenship lookback.

Learn why prudent lending is taking center stage and what it means for securing your next loan. Tune in to understand these critical shifts and navigate the evolving landscape of SBA lending!

Key Takeaways:

• New SBA Portal: The "Make Onshoring Great Again" portal aims to connect small businesses with over a million domestic suppliers, boosting American industry and reducing foreign dependence.
• Tougher Business Deals: Recent SBA rule changes are making business acquisitions harder, causing deals to fall apart due to stricter personal guarantee requirements for sellers, challenges with licensing, and extended standby periods for seller financing.
• Impact on Buyers and Sellers: Buyers may struggle to find licensed owners or face extended seller financing terms, while sellers are less likely to offer financing due to longer wait times for payments.
• Shift to Prudent Lending: The SBA landscape is moving towards more conservative lending practices, with a focus on stronger borrowers and increased risk management, which some argue will strengthen the program long-term but may impact accessibility for smaller borrowers.

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