{"id":3797,"date":"2023-05-19T12:53:44","date_gmt":"2023-05-19T12:53:44","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=3797"},"modified":"2023-05-19T12:53:44","modified_gmt":"2023-05-19T12:53:44","slug":"sba-sop-changes","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/sba-sop-changes\/","title":{"rendered":"SBA SOP Changes"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Presentation on SBA SOP Changes:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">When the Applicant owns more than 50% of another business, the Applicant and the other business are affiliated.<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Does a business that owns more than 50% of the applicant also own more than 50% of another business that operates in the same 3-digit NAICS subsector as the applicant?<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Only when no business or individual owns more than 50% of the applicant do we look at owners that own 20% or more of the Applicant.<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Only when no business or individual owns more than 50% of the applicant, do we look at owners that own 20% or more of the Applicant.<\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">View the presentation here: <\/span><\/span><\/span><span style=\"text-decoration: underline;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><a href=\"https:\/\/mail.google.com\/mail\/u\/0?ui=2&amp;ik=f32ef2adcc&amp;attid=0.1&amp;permmsgid=msg-f:1766151971695599845&amp;th=1882a1dc5c45a0e5&amp;view=att&amp;disp=safe\" target=\"_blank\" rel=\"noopener noreferrer\">SBA SOP Changes<\/a><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><span style=\"text-decoration: underline;\"><strong>Contact<\/strong><\/span>:<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Nick Collins<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Commercial Lender \u2013 Vice President<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Bank Five Nine<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">155 W. Wisconsin Avenue, Oconomowoc, WI 53066<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">P: (262) 560-2016<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">C: (262) 468-6169<br \/>\n<\/span><\/span><\/span><span style=\"font-size: medium; font-family: Lato, 'Helvetica Neue', Arial, Helvetica, sans-serif; color: #222222;\">F: (262) 804-9926<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Presentation on SBA SOP Changes: When the Applicant owns more than 50% of another business, the Applicant and the other business are affiliated. Does a business that owns more than 50% of the applicant also own more than 50% of another business that operates in the same 3-digit NAICS subsector as the applicant? Only when no business or individual owns more than 50% of the applicant do we look at owners that own 20% or more of the Applicant. Only when no business or individual owns more than 50% of&hellip;<\/p>\n","protected":false},"author":13,"featured_media":3799,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[21],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3797"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=3797"}],"version-history":[{"count":5,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3797\/revisions"}],"predecessor-version":[{"id":3803,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3797\/revisions\/3803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/3799"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=3797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=3797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=3797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}