SBA SOP 50 10 8.1, App17.B.3 — SBA Express lines of credit:

sba-sop81-app17-b-3

Verbatim text of SBA SOP 50 10 8.1 (with Technical Policy Updates) section App17.B.3 (SBA Express lines of credit:). 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.

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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, App17.B.3 — SBA Express lines of credit: — 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 App17.B.3

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

3. SBA Express lines of credit: a. SBA Express lines of credit: i. May not exceed 10 years inclusive of a term-out period. ii. Revolving loans: a) Revolving loans of more than 12 months must be structured with a term-out period that is not less than the draw period. Once the loan is amortized, no additional draws are permitted. Under no circumstances may there be any advances after the initial 60 month period. For example, the loan can have an 8 year maturity with a 2 year draw period and a term-out period of 6 years. Conversely, a loan with an 8 year maturity cannot have a draw period of 6 years and term-out period of 2 years. b) Lenders have the ability to reissue a new SBA Express loan to restructure a current SBA Express loan at any point before amortizing payments begin. Option #1 - Line Retention: When reissuing a new SBA Express loan to retain the revolving period, the Lender must address the overall line utilization in their credit memo and justify why the line needs to be retained. Option #2 - Extended Amortization: Lenders may reissue a new SBA Express to term out their existing SBA Express loan with a term that does not exceed 10 years. This option expressly allows a Lender to establish a longer amortization term that exceeds an initial repayment term of the initial SBA Express loan. When utilizing this option, the new Express loan may not have a revolving period. c) May be established as renewable each year, provided they do not exceed the maximum maturity. Lender may not charge a renewal fee. If the original maturity was for 12 months or less, and the new maturity exceeds 12 months, an additional guaranty fee will be due. See Section A, Ch. 4, Para. C.1.a.v., Additional Guaranty Fee for Extensions of Short-Term Loans. d) Revolving loans with maturities of 12 months or less may be initially structured without a term-out; however, if the loan is renewed or the maturity extended beyond 12 months, the requirements in Paragraph a) ii) above will apply.

Source: SBA SOP 50 10 8.1, App17.B.3 — SBA Express lines of credit: · source URL · snapshot 0fb0c4692cf52938

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Source of record: https://claudeforcompliance.com/regs/sba-sop81-app17-b-3/ · register sba-sop81-app17-b-3 · 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.