Big News for SBA Loans: Multi-Step Partial Change of Ownership Approved on December 6, 2024

Multi-Step Partial Change of Ownership - feature

December 6, 2024, marks a groundbreaking moment for small business acquisitions, with the Small Business Administration (SBA) unveiling a major update to its 7(a) loan program. This update introduces a new level of flexibility, allowing multi-step partial changes of ownership to include asset purchases—a move that significantly broadens the scope of opportunities for buyers and sellers alike.