SBA SOP 50 10 8.1, App15 — 7(a) Changes of Ownership

sba-sop81-app15

Verbatim text of SBA SOP 50 10 8.1 (with Technical Policy Updates) section App15 (7(a) Changes of Ownership). Effective 2026-10-01 for applications received by SBA on or after that date; SOP 50 10 8 governs applications submitted through 2026-09-30. 1 provision(s) quoted from SBA's .docx.

This register: .xlsx .csv

See also

SBA lending corpus: SOP 50 10 and the active notices, with the expiry watcher.

Verbatim regulatory text (1)

Verbatim provisions from SBA SOP 50 10 8.1, App15 — 7(a) Changes of Ownership — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

SOP 50 10 8.1 App15

Effective 2026-10-01 · publisher's stamp for this provision

Appendix 15: 7(a) Changes of Ownership The following policy and procedures are for all 7(a) loans involving changes of ownership. Change of ownership transactions include credit risks that are not present in other segments of 7(a) lending. Given that change of ownership transactions have grown to be among the largest categories of 7(a) lending, clearer guidelines are provided through this Appendix. To be eligible for a 7(a) loan to fund a change of ownership, the Lender must demonstrate the Applicant’s ability to operate the business and repay the loan from cash flow. Additionally, the Lender must satisfy all financial due diligence requirements set forth in this Appendix. This appendix is organized as follows: Section A sets forth general change of ownership requirements applicable to all transactions; Section B defines the four transaction categories (Initial Acquisition, Business Expansion, Owner Buyout, and ESOP & Cooperative); Sections C through E set forth uses of proceeds, loan terms, and credit standards. The use of 7(a) Small & SBA Express loans to facilitate changes of ownership are permitted but are subject to requirements outlined in this Appendix to account for the complexities and credit risks associated with the segment. Any sections not specifically addressed in this Appendix remain in effect under 7(a) Loan Program Specific rules. If any section of SOP 50 10 conflicts with this Appendix, the rules contained in this Appendix shall govern the change of ownership transaction.

Source: SBA SOP 50 10 8.1, App15 — 7(a) Changes of Ownership · source URL · snapshot 0fb0c4692cf52938

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Source of record: https://claudeforcompliance.com/regs/sba-sop81-app15/ · register sba-sop81-app15 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.