Big changes are coming to SBA lending—especially for business acquisitions and Change of Ownership transactions. In this video, we break down the latest SBA Standard Operating Procedure (SOP) updates and what they could mean for business buyers, sellers, and lenders. The new rules significantly tighten requirements around equity injections, business valuations, seller notes, debt service coverage, Quality of Earnings reports, and other key components of SBA-financed acquisitions. We’ll highlight the most important changes, explain how they may affect deal structures, and discuss what business buyers should be thinking about as the SBA transitions to the new guidelines. With the updated SOP currently expected to take effect October 1, 2026, borrowers with transactions already in process should understand how the timing could affect their financing. If you’re considering buying a business with SBA financing and want to understand how these changes could affect your transaction, reach out to Commercial Lending X to discuss your financing options.