SBA SOP 50 10 8, A.Ch4.E.1 — Borrower’s Deposit
Verbatim text of SBA SOP 50 10 8 section A.Ch4.E.1 (Borrower’s Deposit), effective 2025-06-01. 1 provision(s) quoted from the SOP PDF. SBA's own document page serves superseded editions, and the SOP is further amended by policy notices — read this with the notices that touch it.
Verbatim regulatory text
Verbatim provisions from SBA SOP 50 10 8, A.Ch4.E.1 — Borrower’s Deposit — 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 A.Ch4.E.1
1. Borrower’s Deposit At the time of application, the CDC may require a deposit from the Borrower of $2,500 or 1% of the Net Debenture Proceeds, whichever is less. For additional information relating to this fee, see 13 CFR § 120.935. Agreements Regarding the Deposit: A written agreement between the CDC and the Applicant should include the following: i. If the CDC or SBA declines the application, the deposit will be refunded in full within 10 business days after decline, including any period for reconsideration; ii. If SBA approves the loan, the deposit may be applied toward the CDC processing fee described in 13 CFR § 120.883; and iii. If the Applicant withdraws its loan application at any time before SBA issues the E-Tran Terms and Conditions, the CDC may deduct its reasonable and necessary costs incurred in packaging and processing the loan application. Such costs must be documented and cannot be a percentage of the loan. Any remaining deposit balance must be remitted to the Applicant within 10 business days of the withdrawal. A copy of the agreement must be placed in the CDC’s file.
Operationalizing SBA SOP 50 10 8, A.Ch4.E.1 — Borrower’s Deposit
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Source of record: https://claudeforcompliance.com/regs/sba-sop-a-ch4-e-1/
· register sba-sop-a-ch4-e-1 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.