Procedural Notices

Transcript/Verification of Financial Information process Lenders and Certified Development Companies (CDCs) (collectively, “SBA Lenders”) use to verify small business borrower financial information (“financial information verification”). Effective with the date of this Notice, SBA Lenders may use either IRS Form 4506-C, IVES Request for Transcript of Tax Return, or IRS Form 8821, Tax Information Authorization, for purposes of financial information verification.

The purpose of this Notice is to revise the guidance provided in SBA Procedural Notice 5000- 823852, “Guidance on the Implementation of the Section 1112 Debt Relief Program for the 7(a) and 504 Programs, Including the Availability of Funds for Section 1112 Payments and the Return of Payments Made for Ineligible Loans; and on Loan Increases Requested on or after October 1, 2021”, effective December 6, 2021, with respect to requests for 7(a) loan increases that were approved on or before December 27, 2020.

Extension of and Update to Guidance Related to Paycheck Protection Program Loans and Changes of Ownership effective October 26, 2021.

Issuance of Updated SBA Form 159 and Revised Procedures in SOP 50 10 6 for Submission of the Form effective November 12, 2021.