What's up, everyone? Emergency Podcast. Send this to anybody that you know that is in the process of buying a small business or wants to buy a small business this year.

Because the SBA just flipped the script on small business lending. If you're planning to borrow or already are in the process, you need to hear this episode today.

Defaults are up. Feeze are back. The rules have changed. So this isn't just the policy.

It's literally the future of the direction that they're going in SBA. So let's break it down

in today's episode. And for context, I'm recording this on Friday, April 25th, 2025,

one month after the SBA announced a 42% cut in its workforce in kind of

alignment with Trump's government waste policies and all of that. But here's how we're going

to break this episode down into four parts. Part one is the SBA underwriting reset. Part two is

the new borrower requirements. Part three is the new financial implications.

And part four will be strategic actions that you guys can take as borrowers today. If you're

about to be under contract on small business or if you currently are right now, these are things

that will take effect. I believe June 1st, 2025. So these could be deal killers. And also, yes,

this is us taking 450 pages of the SBA announcement and breaking it down for you guys here.

So let's get to it. Part number one, TLDR, long story short, is that the SBA is about to double down

on their underwriting process. They are about to be way more strict than they

were in the past. So if you thought that they were strict and that it took forever before, it's about to be

worse. And the loan that I'm referring to through all of this, when I talk about SBA or all these

landings, it's the small business administration and the loan is the SBA 7A loan. So this is the

business buyer loan. For a brief second here, I'm about to

read from the direct press release from the leadership of the SBA. The last Biden administration

inherited a thriving 7A loan program, but left it in critical condition, dismantling every

common sense guardrail that kept it solvent and self-sustaining. From slashing lender fees

...