​New Policy, Immediate Consequences for Searchers

​Bad news in SBA land.

​The SBA just released a policy update that materially impacts ownership eligibility in SBA-backed acquisitions. Under this guidance, US permanent residents and non US citizens are no longer eligible to hold ownership in an SBA financed deal.

​This is not theoretical. It impacts deals that are live, LOIs that are signed, and Searches that are actively underwriting SBA as a core part of their capital stack. We are hosting a session this Friday to break down what changed, why it matters, and how Searchers should respond right now.

​We will walk through:

• ​What changed in the SBA policy and how it is being interpreted today

• ​Who is most directly impacted and where uncertainty still exists

• ​How lenders are approaching deals under the new guidance

• ​What non-SBA financing options may be viable depending on deal size, structure, and timing

• ​How Searchers should think about adjusting their financing strategy going forward

​This session is built for Searchers who need straight answers fast. No speculation. Just insight from the people dealing with this in real time.

​​Panelists include:

• ​​Lisa Forrest, Live Oak Bank

• ​Joe Spina, Cullen & Dykman LLP

​If you are a non-U.S. citizen Searcher, working with a non-U.S. partner, or simply want to understand how this policy shift affects the broader acquisition financing landscape, this session is for you.