The Small Business Administration (SBA) recently released version 17 of the Servicing and Liquidation 7(a) Lender Matrix. This commonly used tool provides lenders with a quick guide to determine their authority when servicing or liquidating a 7(a) loan. 

Changes at a Glance 

The revised matrix comes as a replacement to the 2024 version 16 making several updates to align with recent revisions to standard operating procedures (SOPs) 50 10 and 50 57. Some of the updates include: 

• Guidance on where to submit notifications and prior approval requests.
• More direct cross-references to the latest SOP 50 57.
• Expanded and updated footnotes. 

All 7(a) lenders should start using the new matrix immediately to assist in identifying which actions require prior approval from the administration.  

Looking for a partner to assist with SBA SOP compliance? Rely on Doeren Mayhew’s pros to perform an independent SBA loan review to minimize risk and keep your internal controls in check. We know the ins and outs of the SBA’s SOPs and stand ready to assist.