SBA 7(a) Update – 100% Financing Expansion

Big news for business owners and entrepreneurs. On September 30th, the SBA released Procedural Notice###-###-#### that makes it easier to access 100% financing on *add-on* acquisitions under the SBA 7(a) program. What changed? 📌 The old requirement that the target business be in the “same geographic area” as the acquiring company was removed. 📌 Now eligibility is based solely on the acquiring and target companies being in the same 6-digit NAICS code. This creates more flexibility for growth-minded entrepreneurs looking to expand into new markets without being limited by geography. More opportunities. More pathways to scale.