Issuance of SOP 50 10 7
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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.
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