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Podcast: Private Market Insights
Episode: 2023 SBA Loan Rules Recap with Lisa Forrest and Sarah Andrews
Description: In this podcast episode, Josh Levine interviews Lisa Forrest and Sarah Andrews from Live Oak Bank about changes to the SBA 7(a) program and what to expect in 2024. They discuss the implementation process of the changes, the impact on buyers looking to get an SBA loan, and the interpretation of the new rules by different lenders.
They also highlight some of the key changes, such as the equity injection requirements, partial buy-in rules, and the removal of the personal resource test. Additionally, they share their thoughts on potential future changes to the program, including the expansion of benefits for...