<description>&lt;p data-path-to-node="1"&gt;This week on &lt;strong data-path-to-node="1" data-index-in-node="13"&gt;SBA Today&lt;/strong&gt;, we are covering a massive regulatory shift for Green Card holders, a major SBLC merger, and new mandatory requirements for small loans that lenders cannot ignore.&lt;/p&gt; &lt;p data-path-to-node="2"&gt;&lt;strong data-path-to-node="2" data-index-in-node="0"&gt;Paul and Tonya discuss:&lt;/strong&gt;&lt;/p&gt; &lt;ul data-path-to-node="3"&gt; &lt;li&gt; &lt;p id="p-rc_dcb4694a6078c837-70" data-path-to-node="3,0,0"&gt; &lt;span data-path-to-node="3,0,0,1"&gt;&lt;span class= "citation-141"&gt;🤝&lt;/span&gt; &lt;strong data-path-to-node="3,0,0,1" data-index-in-node="3"&gt;&lt;span class="citation-141"&gt;SBLC MERGER ALERT:&lt;/span&gt;&lt;/strong&gt; &lt;span class="citation-141"&gt;Harvest Small Business Finance, one of the 16 SBLCs, is merging with Crossroads Impact (a CDFI)&lt;/span&gt;&lt;/span&gt;&lt;span class= "citation-141 citation-end-141"&gt;&lt;sup class="superscript" data-turn-source-index="1"&gt; &lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span data-path-to-node="3,0,0,3"&gt;. We'll be watching closely to see how this affects their lending footprint.&lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;li&gt; &lt;p id="p-rc_dcb4694a6078c837-70" data-path-to-node="3,0,0"&gt; &lt;span data-path-to-node="3,1,0,1"&gt;&lt;span class= "citation-140"&gt;📋 &lt;/span&gt;&lt;strong data-path-to-node="3,1,0,1" data-index-in-node="3"&gt;&lt;span class="citation-140"&gt;NEW SMALL LOAN RULES:&lt;/span&gt;&lt;/strong&gt; &lt;span class="citation-140"&gt;A new Procedures Notice is out with strict reminders for loans under $350,000&lt;/span&gt;&lt;/span&gt;&lt;span class= "citation-140 citation-end-140"&gt;&lt;sup class="superscript" data-turn-source-index="2"&gt; &lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span data-path-to-node="3,1,0,3"&gt;:&lt;/span&gt;&lt;/p&gt; &lt;ul data-path-to-node="3"&gt; &lt;li&gt; &lt;p id="p-rc_dcb4694a6078c837-70" data-path-to-node="3,0,0"&gt; &lt;span data-path-to-node="3,1,1,0,1,0"&gt;&lt;strong data-path-to-node= "3,1,1,0,1,0" data-index-in-node="0"&gt;&lt;span class="citation-139"&gt;2 Months of Bank Statements:&lt;/span&gt;&lt;/strong&gt; &lt;span class= "citation-139"&gt;This is now a&lt;/span&gt; &lt;strong data-path-to-node= "3,1,1,0,1,0" data-index-in-node="43"&gt;&lt;span class= "citation-139"&gt;REQUIRED&lt;/span&gt;&lt;/strong&gt; &lt;span class= "citation-139"&gt;"must," not a "should"&lt;/span&gt;&lt;/span&gt;&lt;span class= "citation-139 citation-end-139"&gt;&lt;sup class="superscript" data-turn-source-index="3"&gt; &lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span data-path-to-node="3,1,1,0,1,2"&gt;.&lt;/span&gt; &lt;span class="citation-138"&gt;Lenders are specifically looking for undisclosed debt versus the Debt Schedule&lt;/span&gt;&lt;span class= "citation-138 citation-end-138"&gt;&lt;sup class="superscript" data-turn-source-index="4"&gt; &lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span data-path-to-node= "3,1,1,0,1,6"&gt;.&lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;li&gt; &lt;p id="p-rc_dcb4694a6078c837-70" data-path-to-node="3,0,0"&gt; &lt;span data-path-to-node="3,1,1,1,1,0"&gt;&lt;strong data-path-to-node= "3,1,1,1,1,0" data-index-in-node="0"&gt;&lt;span class= "citation-137"&gt;Repayment Ability:&lt;/span&gt;&lt;/strong&gt; &lt;span class= "citation-137"&gt;Credit history and a minimum&lt;/span&gt; &lt;strong data-path-to-node="3,1,1,1,1,0" data-index-in-node= "48"&gt;&lt;span class="citation-137"&gt;1.10x DSCR&lt;/span&gt;&lt;/strong&gt; &lt;span class="citation-137"&gt;remain the standard for repayment ability.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;li&gt; &lt;p id="p-rc_dcb4694a6078c837-70" data-path-to-node="3,0,0"&gt; &lt;span class="citation-137 citation-end-137"&gt;&lt;sup class= "superscript" data-turn-source-index="5"&gt; &lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span data-path-to-node= "3,1,1,2,1,0"&gt;&lt;strong data-path-to-node="3,1,1,2,1,0" data-index-in-node="0"&gt;&lt;span class="citation-136"&gt;SBA Express:&lt;/span&gt;&lt;/strong&gt; &lt;span class="citation-136"&gt;Note that there are&lt;/span&gt; &lt;strong data-path-to-node="3,1,1,2,1,0" data-index-in-node="33"&gt;&lt;span class="citation-136"&gt;no changes&lt;/span&gt;&lt;/strong&gt; &lt;span class="citation-136"&gt;to current SBA Express rules.&lt;/span&gt;&lt;/span&gt;&lt;span class= "citation-136 citation-end-136"&gt;&lt;sup class="superscript" data-turn-source-index="6"&gt;&lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt; &lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt; &lt;!----&gt;&lt;/li&gt; &lt;/ul&gt; &lt;/li&gt; &lt;/ul&gt; &lt;p&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt; &lt;!----&gt;&lt;/p&gt; &lt;p&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt; &lt;!----&gt;&lt;/p&gt; &lt;p&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt; &lt;!----&gt;&lt;/p&gt; &lt;p&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt; &lt;!----&gt;&lt;/p&gt; &lt;ul data-path-to-node="3"&gt; &lt;li&gt; &lt;p id="p-rc_dcb4694a6078c837-75" data-path-to-node="3,2,0"&gt; &lt;span data-path-to-node="3,2,0,1"&gt;&lt;span class= "citation-135"&gt;🛂&lt;/span&gt; &lt;strong data-path-to-node="3,2,0,1" data-index-in-node="3"&gt;&lt;span class="citation-135"&gt;THE LPR FINAL COUNTDOWN:&lt;/span&gt;&lt;/strong&gt; &lt;span class="citation-135"&gt;If you haven't submitted your LPR applications, you are likely too late&lt;/span&gt;&lt;/span&gt;&lt;span class= "citation-135 citation-end-135"&gt;&lt;sup class="superscript" data-turn-source-index="7"&gt; &lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span data-path-to-node="3,2,0,3"&gt;.&lt;/span&gt; &lt;span data-path-to-node="3,2,0,5"&gt;&lt;span class="citation-134"&gt;With a&lt;/span&gt; &lt;strong data-path-to-node="3,2,0,5" data-index-in-node= "7"&gt;&lt;span class="citation-134"&gt;10-day turnaround&lt;/span&gt;&lt;/strong&gt; &lt;span class="citation-134"&gt;and thousands in the queue, the March 1st window is closing&lt;/span&gt;&lt;/span&gt;&lt;span class= "citation-134 citation-end-134"&gt;&lt;sup class="superscript" data-turn-source-index="8"&gt; &lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span data-path-to-node="3,2,0,7"&gt;.&lt;/span&gt;&lt;/p&gt; &lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt; &lt;!----&gt;&lt;/li&gt; &lt;li&gt; &lt;p id="p-rc_dcb4694a6078c837-76" data-path-to-node="3,3,0"&gt; &lt;span data-path-to-node="3,3,0,0"&gt;🛠️ &lt;strong data-path-to-node= "3,3,0,0" data-index-in-node="4"&gt;SERVICING AFTER MARCH 1ST:&lt;/strong&gt; What happens to existing LPR loans?&lt;/span&gt; &lt;span class="citation-133"&gt;Standard actions like deferments are fine, but ownership changes or loan increases will trigger new citizenship requirements&lt;/span&gt;&lt;span class= "citation-133 citation-end-133"&gt;&lt;sup class="superscript" data-turn-source-index="9"&gt;&lt;!----&gt;&lt;/sup&gt;&lt;sup class="superscript" data-turn-source-index="9"&gt;&lt;!----&gt;&lt;/sup&gt;&lt;sup class="superscript" data-turn-source-index="9"&gt;&lt;!----&gt;&lt;/sup&gt;&lt;sup class="superscript" data-turn-source-index="9"&gt; &lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span data-path-to-node="3,3,0,4"&gt;.&lt;/span&gt;&lt;/p&gt; &lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt; &lt;!----&gt;&lt;/li&gt; &lt;li&gt; &lt;p id="p-rc_dcb4694a6078c837-77" data-path-to-node="3,4,0"&gt; &lt;span data-path-to-node="3,4,0,1"&gt;&lt;span class= "citation-132"&gt;📈&lt;/span&gt; &lt;strong data-path-to-node="3,4,0,1" data-index-in-node="3"&gt;&lt;span class="citation-132"&gt;MARKET PULSE:&lt;/span&gt;&lt;/strong&gt; &lt;span class="citation-132"&gt;The Q3 2025 IBBA data shows 2026 is a year of&lt;/span&gt; &lt;strong data-path-to-node= "3,4,0,1" data-index-in-node="63"&gt;&lt;span class= "citation-132"&gt;disciplined dealmaking&lt;/span&gt;&lt;/strong&gt;&lt;span class= "citation-132"&gt;, with multiples hitting up to&lt;/span&gt; &lt;strong data-path-to-node="3,4,0,1" data-index-in-node= "116"&gt;&lt;span class="citation-132"&gt;4.1x&lt;/span&gt;&lt;/strong&gt; &lt;span class= "citation-132"&gt;for larger deals&lt;/span&gt;&lt;/span&gt;&lt;span class= "citation-132 citation-end-132"&gt;&lt;sup class="superscript" data-turn-source-index="10"&gt;&lt;!----&gt;&lt;/sup&gt;&lt;sup class="superscript" data-turn-source-index="10"&gt;&lt;!----&gt;&lt;/sup&gt;&lt;sup class="superscript" data-turn-source-index="10"&gt;&lt;!----&gt;&lt;/sup&gt;&lt;sup class="superscript" data-turn-source-index="10"&gt; &lt;!----&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span data-path-to-node="3,4,0,3"&gt;.&lt;/span&gt;&lt;/p&gt; &lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt;&lt;!----&gt; &lt;!----&gt;&lt;/li&gt; &lt;/ul&gt; &lt;p data-path-to-node="4"&gt;&lt;strong data-path-to-node="4" data-index-in-node="0"&gt;Tune in, subscribe, and share this episode to help your colleagues stay ahead of the latest SBLC shifts and small loan mandates!&lt;/strong&gt;&lt;/p&gt; &lt;hr /&gt; &lt;p data-path-to-node="4"&gt;This episode is sponsored by &lt;a href= "https://sbacollective.com/"&gt;&lt;strong&gt;SBA Collective&lt;/strong&gt;&lt;/a&gt; — empowering community banks and credit unions to compete and win in SBA lending.&lt;/p&gt; &lt;hr /&gt; &lt;p data-path-to-node="4"&gt;&lt;em&gt;Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.&lt;/em&gt;&lt;/p&gt;</description>

SBA Today

Art of SBA

March 1st Deadline, You're Already Too Late! | Feb. 24, 2026 | SBA Today

FEB 25, 202622 MIN
SBA Today

March 1st Deadline, You're Already Too Late! | Feb. 24, 2026 | SBA Today

FEB 25, 202622 MIN

Description

This week on SBA Today, we are covering a massive regulatory shift for Green Card holders, a major SBLC merger, and new mandatory requirements for small loans that lenders cannot ignore. Paul and Tonya discuss: 🤝 SBLC MERGER ALERT: Harvest Small Business Finance, one of the 16 SBLCs, is merging with Crossroads Impact (a CDFI) . We'll be watching closely to see how this affects their lending footprint. 📋 NEW SMALL LOAN RULES: A new Procedures Notice is out with strict reminders for loans under $350,000 : 2 Months of Bank Statements: This is now a REQUIRED "must," not a "should" . Lenders are specifically looking for undisclosed debt versus the Debt Schedule . Repayment Ability: Credit history and a minimum 1.10x DSCR remain the standard for repayment ability. SBA Express: Note that there are no changes to current SBA Express rules. 🛂 THE LPR FINAL COUNTDOWN: If you haven't submitted your LPR applications, you are likely too late . With a 10-day turnaround and thousands in the queue, the March 1st window is closing . 🛠️ SERVICING AFTER MARCH 1ST: What happens to existing LPR loans? Standard actions like deferments are fine, but ownership changes or loan increases will trigger new citizenship requirements . 📈 MARKET PULSE: The Q3 2025 IBBA data shows 2026 is a year of disciplined dealmaking, with multiples hitting up to 4.1x for larger deals . Tune in, subscribe, and share this episode to help your colleagues stay ahead of the latest SBLC shifts and small loan mandates! This episode is sponsored by SBA Collective — empowering community banks and credit unions to compete and win in SBA lending. Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.