<description>&lt;p&gt;This week on SBA Today, Paul and Tonya are joined by &lt;strong&gt;Joseph Raycraft&lt;/strong&gt; (SBA) to break down the latest updates from the 7(a) Connect Call—specifically the massive expansion of the "Grocery Guarantee" into the logistics sector.&lt;/p&gt; &lt;p&gt;The 7(a) Connect Call Highlights:&lt;/p&gt; &lt;ul&gt; &lt;li&gt;🛣️ &lt;strong&gt;90% Trucking Guarantee&lt;/strong&gt;---local and non-local trucking is now eligible for a 90% guarantee, provided the business is food-related and carries the correct NAICS code.&lt;/li&gt; &lt;li&gt;🍎 &lt;strong&gt;Food Service Focus&lt;/strong&gt;---the new ITL Program expansion is laser-focused on food service and supply chain resilience.&lt;/li&gt; &lt;li&gt;🔄 &lt;strong&gt;Change of Ownership&lt;/strong&gt;---the SBA is actively exploring ways to improve the Change of Ownership process while strictly managing portfolio risk.&lt;/li&gt; &lt;li&gt;📞 &lt;strong&gt;Connect Call Value&lt;/strong&gt;---this week's call emphasized that staying updated on these niche eligibility requirements is the only way for lenders to remain competitive.&lt;/li&gt; &lt;/ul&gt; &lt;p&gt;The Bottom Line: The 90% guarantee is a powerful tool for the logistics sector, but as Joe explains, the "food-related" requirement is the gatekeeper. Ensure your NAICS codes align before you commit to the deal.&lt;/p&gt; &lt;p&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&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

Unpacking the NEW ITL Rules for Trucking with Joe Raycraft (SBA) | April 28, 2026 | SBA Today

APR 29, 202623 MIN
SBA Today

Unpacking the NEW ITL Rules for Trucking with Joe Raycraft (SBA) | April 28, 2026 | SBA Today

APR 29, 202623 MIN

Description

This week on SBA Today, Paul and Tonya are joined by Joseph Raycraft (SBA) to break down the latest updates from the 7(a) Connect Call—specifically the massive expansion of the "Grocery Guarantee" into the logistics sector. The 7(a) Connect Call Highlights: 🛣️ 90% Trucking Guarantee---local and non-local trucking is now eligible for a 90% guarantee, provided the business is food-related and carries the correct NAICS code. 🍎 Food Service Focus---the new ITL Program expansion is laser-focused on food service and supply chain resilience. 🔄 Change of Ownership---the SBA is actively exploring ways to improve the Change of Ownership process while strictly managing portfolio risk. 📞 Connect Call Value---this week's call emphasized that staying updated on these niche eligibility requirements is the only way for lenders to remain competitive. The Bottom Line: The 90% guarantee is a powerful tool for the logistics sector, but as Joe explains, the "food-related" requirement is the gatekeeper. Ensure your NAICS codes align before you commit to the deal. 🛠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.