SBA SOP 50 10 8, App3.1.3 — Directs the FTA to issue Certificates.
Verbatim text of SBA SOP 50 10 8 section App3.1.3 (Directs the FTA to issue Certificates.), 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 SBA's own document page serves superseded editions, and the SOP is further amended by policy notices — read this with the notices that touch it.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, App3.1.3 — Directs the FTA to issue Certificates. — 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 App3.1.3
3. Directs the FTA to issue Certificates. Pool Rate: (13 CFR § 120.600 7(a)) The interest rate on a Pool Certificate. Preference: (13 CFR § 120.10 7(a) and 504) Any arrangement giving a Lender or a CDC a preferred position compared to SBA relating to the making, servicing, or liquidation of a business loan with respect to such things as repayment, collateral, guarantees, control, maintenance of a compensating balance, purchase of a Certificate of deposit or acceptance of a separate or companion loan, without SBA’s consent. Priority CDC: (13 CFR § 120.802 504) A CDC certified to participate on a permanent basis in the 504 Loan Program (see §120.812) that SBA has approved to participate in an expedited 504 loan and Debenture closing process. Project: (13 CFR § 120.802 504) The purchase or lease, and/or improvement or renovation of long-term fixed assets by a small business, with 504 financing, for use in its business operations. Note: This SOP uses the term Project for 7(a) also. Project Property: (13 CFR § 120.802 504) One or more long-term fixed assets, such as land, buildings, machinery, and equipment, acquired or improved by a small business, with 504 financing, for use in its business operations. Qualified Source: (With respect to business valuations) 7(a): A “qualified source” is an individual who regularly receives compensation for business valuations and is accredited by one of the following recognized organizations and is independent Appendix 3: Definitions of the loan production function, not involved in the approval of the transaction, and must not have the appearance of a conflict of interest:
Operationalizing SBA SOP 50 10 8, App3.1.3 — Directs the FTA to issue Certificates.
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Source of record: https://claudeforcompliance.com/regs/sba-sop-app3-1-3/
· register sba-sop-app3-1-3 · Claude for Compliance. Free to read and download;
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