This course provides an in-depth understanding of the U.S. Small Business Administration’s (SBA) final rule adjusting size standards for the 7(a) and CDC/504 Loan Programs and Surety Bond limits. Learn the new thresholds for tangible net worth and net income, and how inflation adjustments affect eligibility. Equip yourself with actionable compliance strategies and avoid costly non-compliance penalties.
In this course you will learn the following:
* Understand the purpose and scope of the SBA’s final rule.
* Identify the new size standards and surety bond limits.
* Implement the necessary steps to comply with the new regulations.
* Recognize the consequences of non-compliance with the final rule.