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COLEMAN: Small Business Lender News of the Day for Thursday, November 13, 2025

November 13, 2025

Michigan Business Network

THIS JUST IN — Etran Unlocked at 12:01 AM This Morning – SBA Back in Business

Says SBA Associate Administrator, Office of Capital Access Thomas Kimsey:

Based on President Trump’s signature of Senate Amendment to H.R. 5371, SBA’s Office of Capital Access (OCA) provides this immediate guidance regarding existing and new loan actions for the 7(a) and 504 programs.

Pending Applications. SLPC and LGPC (for non-delegated 7(a) loans) will process residual loan applications, loan modification requests, USCIS verifications and compliance check reviews first, then process new applications in order of receipt.
New Loan Approvals. 7(a) and 504 loan approvals will be placed in funding queue for a brief period as funds are made available from OMB. Once in this stage, as funds are received, the status will automatically update, and the loan will move to funded.
7(a) and 504 Questions, Servicing and Guaranty Purchase Actions. OCA will proceed to answer those currently in the queue first. Please do not re-submit any actions already in the queue, OCA will process in order of receipt.
Franchise Reviews. The Office of Capital Access and Office of General Counsel will prioritize processing based on whether there is a pending loan/application related to a franchise that is in for review and otherwise will review submissions based on the order in which they are received.
November Secondary Market Pools. SBA will extend the pooling deadline to November 20, 2025, to facilitate November pool formations.
December 504 Debenture Sale. SBA Counsel is currently working through the inventory submitted by CDCs for the December sale. While the normal cutoff date for submission of packages was today, November 12th, OCA has extended the timeline until 5 PM Eastern Standard time on Friday November 14, 2025.
As a reminder, all loans approved on or after October 1, 2025, regardless of when the application was received for both 7(a) and 504 will be subject to the new Guaranty Fee Schedules as published via Notice:
7(a) Fees Effective October 1, 2025, for Fiscal Year 2026. This will give the manufacturing fee relief to those that did not receive approval prior to October 1, 2025.
504 Fees Effective October 1, 2025, for Fiscal Year 2026

SBA is working to schedule a Lender Connect call (additional details to follow) to engage with stakeholders on the orderly return to operations.

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