News & Analysis as of September 19, 2024

Small Business Administration › Standard Operating Procedures

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The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA carries out its mission through a variety of programs including providing financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. less -

SBA modernizes the SBIC program

Eversheds Sutherland (US) LLP on 9/29/2023

On July 13, 2023, the US Small Business Administration (SBA) finalized major revisions to the regulations governing the small business investment company (SBIC) program (Final Rule). The updated regulations represent the most...more

SBA Tidies Up 8(a) Rules in Welcomed Final Rule

Bass, Berry & Sims PLC on 6/12/2023

Effective May 30, 2023, a Small Business Administration (SBA) final rule made some notable changes to SBA’s 8(a) Business Development (BD) program, a valuable resource for those firms owned by socially and economically...more

Small Business Administration Guidance Streamlines Process for Loans to ESOPs

Groom Law Group, Chartered on 5/31/2023

In August of 2018, the Main Street Employee Ownership Act (“MSEOA”) became law as part of the John S. McCain National Defense Authorization Act. The intent behind the MSEOA was to promote the establishment of employee stock...more

Could the SBA be making changes to the SBIC program?

Eversheds Sutherland (US) LLP on 2/6/2023

On October 18, 2022, the US Small Business Administration (the SBA) proposed a wide range of regulatory changes to the rules governing the small business investment company (SBIC) program (the Proposal). ...more

SBA Issues Procedural Notice Regarding Changes Of Ownership

Tarter Krinsky & Drogin LLP on 10/13/2020

Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Small Business Administration (SBA) is tasked with administering the Paycheck Protection Program (PPP), the loan program intended to allow...more

Best Practices When Liquidating Real Estate-Secured SBA Loans

Ward and Smith, P.A. on 9/26/2019

For several years, the United States Small Business Administration (SBA) has experienced continuous growth with its flagship 7(a) and 504 business loan programs. For fiscal year 2018, the SBA made over $24 billion in loans...more

OIG Report: SBA’s Administration of All Small Mentor-Protégé Program Falling Short

Bradley Arant Boult Cummings LLP on 9/20/2019

The Small Business Administration (SBA) Office of Inspector General (OIG) recently issued a public report on the SBA’s All Small Mentor-Protégé Program (ASMPP), in which the SBA OIG found certain shortcomings in the SBA’s...more

SBA's New Rule Offers Some Welcome Changes for the Franchise Community

Bradley Arant Boult Cummings LLP on 1/18/2017

The Small Business Administration (SBA) has been a key player in franchise development, providing loan guarantees for franchisee start-ups. As a condition for providing these guarantees, the SBA historically required a...more

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Small Business Administration › Standard Operating Procedures

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