SBA UPDATES
SBA San Antonio District Office Kicks Off Nominations for 2024 National Small Business Week Awards
“This esteemed annual event aims to recognize the remarkable contributions of small businesses nationwide. The San Antonio District Office will hold it’s 2024 National Small Business Week Awards Ceremony on May 2, 2024.”
More information can be found by visiting:
INFORMATION NOTICE 5000-847027
Issuance of SOP 50 10 7
Affects the 7(a) and 504 Loan Programs
Effective: May, 10, 2023
About this document and download:
The purpose of this Notice is to inform 7(a) Lenders, Certified Development Companies (CDCs), together known as “SBA Lenders,” SBA employees, and Applicants and Borrowers of the 7(a) and 504 Loan Programs of the issuance of Standard Operating Procedure (SOP) 50 10 7, Lender and Development Company Loan Programs.
Source: https://www.sba.gov/document/information-notice-5000-847027-issuance-sop-50-10-7
Interesting Facts:
42% of all U.S. businesses are owned by women
Small businesses employ 61.7 million Americans
The average loan amount during the 2022 fiscal year for 7(a) loans was $538,903