This webinar covered the key changes made by the SBA in its upcoming Standard Operating Procedure. Those changes include:
- Reinstatement of the SBA Franchise Directory and the new franchisor certification requirements
- Updated collateral requirements for loans over $350,000
- New financing restrictions on merchant cash advances, factoring agreements, and tenant improvement allowances
- Mandatory borrower citizenship verification
The session featured the following experts:
- Tom Spadea: Partner, Spadea Lignana Franchise Attorneys
- David Canet: Head of SBA Lending, ConnectOne Bank
- Brooke Ingram: SVP, BoeFly
- Moderator: Mike Rozman: CEO, BoeFly
