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SBA Information Notice TO:All SBA EmployeesSUBJECT: SOP 50 57 Technical CorrectionsCONTROL NO.: 50001276 EFFECTIVE:04/29/13In January 2013, SBA announced the issuance of Standard Operating Procedure
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Subject SOP 50 57 refers to Standard Operating Procedure 50 57 which is a set of guidelines issued by the Small Business Administration (SBA) for lenders participating in the 7(a) Loan Program.
Lenders participating in the SBA 7(a) Loan Program are required to file subject SOP 50 57.
To fill out subject SOP 50 57, lenders must follow the guidelines and instructions provided in the document, ensuring all required information is accurately reported.
The purpose of subject SOP 50 57 is to establish standard operating procedures and guidelines for lenders participating in the SBA 7(a) Loan Program to ensure compliance and consistency in loan processing.
Subject SOP 50 57 requires lenders to report information related to loan processing, underwriting standards, eligibility criteria, and compliance with SBA regulations.
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