{"citation":"Corrections. SBA Express Loans, Janover Capital LLC (checked November 11, 2026). https://www.sbaexpress.loans/corrections/","url":"https://www.sbaexpress.loans/corrections/","title":"Corrections","data_as_of":null,"checked":"2026-11-11","sources":[],"data":{"rows":[{"date":"2026-11-11","page":"/sba-express-loan-requirements/","was":"The page said lenders generally want a credit score of 680 or higher for the maximum loan amount. It also said they want a debt service coverage ratio of 1:1 or higher.","now":"The page now says each lender sets its own debt service coverage requirement. The 680 score and the 1:1 ratio are gone.","why":"We had no source for either figure. SBA sets no minimum credit score; the lender applies its own credit standards.","source":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2"},{"date":"2026-11-11","page":"/loan-for-startup-business/","was":"The page said an SBA-backed loan is perfect for a founder who lacks capital. It also said the SBA Express program is designed to meet the needs of startups.","now":"The page now says an SBA-backed loan is one option to ask a lender about. It says a startup can get an SBA Express loan if a lender agrees.","why":"We had no source for either claim. Each lender sets its own requirements for a new business.","source":"SOP 50 10 8.1, Sec. B, Ch. 2"},{"date":"2026-11-11","page":"/get-financing/","was":"The form page was titled as a loan quote. After a request below a partner's minimums, the confirmation said we would route it to SBA lenders in our own network. Buttons on other pages read Apply Now and Apply for funding today, and one page was titled as an online application.","now":"The form page says it takes a loan request. The confirmation names Commercial Finance Partners, the lending partner that receives the request. Buttons read Start my loan request. The page at /online-quick-apply/ is now titled Send an SBA Express Loan Request Online.","why":"We take loan requests. We do not take loan applications, give quotes or run a lender network of our own. Also corrected: /thanks/, /contact-sba-express-loans/, /online-quick-apply/, /blog/approval-times/ and /blog/coronavirus-and-sba-express-loans-update/.","source":"Terms of use, sections 1 and 3; advertiser disclosure."},{"date":"2026-11-11","page":"/about-sba-express-loans/","was":"The page said the Janover family uses DocuSign signatures and virtual underwriting, and drives down costs and increases returns for lenders. It said we aim to be the first and last stop on the way to a loan. An article on interest rates said Janover matches you with the best loan products.","now":"Those sentences are removed. The page says sbaexpress.loans does not lend and does not underwrite loans.","why":"We are not a lender and we do not underwrite. We could not support the other statements. Also corrected: /blog/sba-express-loan-interest-rates/.","source":"Entity and role statement in the site footer and advertiser disclosure."},{"date":"2026-11-11","page":"/blog/sba-express-loan-interest-rates/","was":"Several articles and glossary pages described SBA Express as quick approval, a fast turnaround or fast funding. One page said we would be in touch right away. Others invited readers to request a free quote.","now":"These pages now say the lender makes the credit decision without prior SBA review, and that each lender sets its own timeline. The invitations now say to send a loan request.","why":"SBA publishes no turnaround time for SBA Express; the lender makes the credit decision. We do not control when a partner responds, and we do not quote loans. Also corrected: /loan-terms/, /sba-express-loan-requirements/, /blog/plumbing-company-loans/, /blog/self-storage-loans/, /blog/preschool-and-daycare-loans/, /blog/auto-repair-shops/, /blog/bar-and-club-loans/, /blog/sba-express-loans-for-veterans/, /blog/top-reasons-to-get-an-sba-express-loan/, /blog/coronavirus-and-sba-express-loans-update/, /sba-express-glossary/what-is-the-sba-export-express-loan-program/, /sba-express-glossary/what-is-the-sba-veterans-advantage-program/, /sba-express-glossary/what-is-the-sba-guaranty-fee/ and /sba-express-glossary/what-is-an-sba-7-a-loan/.","source":"sba.gov/sba-lenders, read November 8, 2026; SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2."},{"date":"2026-11-11","page":"/privacy-policy/","was":"The policy said the values our scripts store stay in your browser, and that analytics does not record what you enter in a tool. It did not mention the email alert list, the check-back request, the saved link to the loan marketplace, or several fields our analytics receives after a form.","now":"The policy now covers each of those. It says which stored values travel with a request, what a tool's link to the form carries, and what Google's tag can detect on a page. It also covers our tools when another website shows them in a frame.","why":"The policy has to match what the site's code does. We read the scripts, the signup function and the live tag settings on November 11, 2026.","source":"The site's own scripts and functions, and the live Google tag configuration, read November 11, 2026."},{"date":"2026-11-11","page":"/advertiser-disclosure/","was":"Buttons and links to the financing form appeared on about 3,800 pages with no word about payment beside them. The fee was explained only in the footer and on the disclosure page. Tools shown on other websites carried no fee line at all.","now":"Every block that leads to the form now carries one line. It says a lender or marketplace may pay us a referral fee if we connect you, at no cost to you, and it links to this disclosure.","why":"A reader should see that we may be paid before choosing to send a request, not after.","source":"Advertiser disclosure."},{"date":"2026-11-09","page":"/blog/approval-times/","was":"Twenty-one pages gave fixed approval, funding or closing times for SBA Express, standard 7(a), 504 loans and microloans. Some called one program the fastest.","now":"These pages now say the SBA Express lender makes the credit decision itself and sets its own closing timeline. For standard 7(a) loans they give SBA's listed review time. SBA lists a turnaround time of 5-10 business days for Standard 7(a) loans (sba.gov/sba-lenders, read November 8, 2026).","why":"The old times had no SBA source. SBA publishes no turnaround time for SBA Express; the lender makes the credit decision. Also corrected: /blog/auto-repair-shops/, /blog/bar-and-club-loans/, /blog/buying-out-a-partner/, /blog/car-wash-loans/, /blog/catering-company-loans/, /blog/computer-repair-company-loans/, /blog/coronavirus-and-sba-express-loans-update/, /blog/doctors-office-loans/, /blog/franchises/, /blog/hvac-company-loans/, /blog/plumbing-company-loans/, /blog/refinancing-debt-with-sba-express-loans/, /blog/restaurant-loans/, /blog/retail-store-loans/, /blog/sba-express-loan-interest-rates/, /blog/sba-express-vs-standard-sba-7a-loans/, /blog/what-is-an-sba-loan/, /compare-sba-loans/, /loan-for-startup-business/ and /loan-terms/.","source":"sba.gov/sba-lenders, read November 8, 2026; SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2."},{"date":"2026-11-09","page":"/sba-express-glossary/what-is-an-sba-7-a-loan/","was":"Eligibility lists said a business must owe nothing to the U.S. government and must have used other financing first. They said an owner cannot be on parole, and they listed religious education as a barred activity. One list required owners to put in 25% of their own funds.","now":"The lists now give SBA's rules. The business and its guarantors must not owe delinquent federal debt. The lender certifies that credit is not available elsewhere on reasonable terms. An owner who is incarcerated or under indictment for certain crimes makes the business ineligible. Religious activity is no longer listed. A start-up on a standard 7(a) loan needs an equity injection of at least 10% of project costs.","why":"The old lists did not match 13 CFR part 120 or the current SOP. Also corrected: /blog/approval-times/, /blog/buying-out-a-partner/, /blog/computer-repair-company-loans/, /blog/coronavirus-and-sba-express-loans-update/, /blog/franchises/, /blog/refinancing-debt-with-sba-express-loans/, /blog/retail-store-loans/, /blog/sba-express-loan-interest-rates/, /blog/sba-express-loans-for-veterans/, /blog/sba-express-vs-standard-sba-7a-loans/, /blog/top-reasons-to-get-an-sba-express-loan/, /blog/what-is-an-sba-loan/, /loan-terms/, /sba-express-glossary/sba-microloans/ and /sba-express-loan-requirements/.","source":"13 CFR 120.100, 120.101 and 120.110; SOP 50 10 8.1, Sec. A, Ch. 1, Paras. E and H; Sec. B, Ch. 1, Para. C."},{"date":"2026-11-09","page":"/loan-for-startup-business/","was":"Pages named minimum credit scores for SBA loans and microloans. They said the SBA guarantee makes a loan more likely, and they described some SBA loans as the easiest to get.","now":"These pages now say SBA sets no minimum credit score and each lender applies its own credit standards. They say the guarantee can make a lender more willing to lend, and that the lender still makes the credit decision.","why":"SBA publishes no minimum score, and its loan file holds approved loans only. Nothing in it shows how likely an approval is. Also corrected: /blog/bar-and-club-loans/, /blog/car-wash-loans/, /blog/catering-company-loans/, /blog/computer-repair-company-loans/, /blog/plumbing-company-loans/, /blog/preschool-and-daycare-loans/, /blog/retail-store-loans/, /blog/sba-express-loan-interest-rates/, /blog/what-is-an-sba-loan/ and /sba-express-glossary/what-is-an-sba-7-a-loan/.","source":"13 CFR 120.150; SOP 50 10 8.1, Sec. B, Ch. 2, Para. C."},{"date":"2026-11-09","page":"/blog/sba-express-loan-interest-rates/","was":"Twelve pages said SBA Express loans carry higher interest rates than standard 7(a) or 504 loans. One answer gave old rate caps, and two passages tied the cap to the length of the loan.","now":"These pages now say SBA applies the same maximum rate to an SBA Express loan and a standard 7(a) loan of the same size. The cap depends on the loan amount, and each lender sets its own rate under it.","why":"The rate rule sets one schedule of caps by loan size for both loan types. Loan length no longer changes the cap. Also corrected: /blog/approval-times/, /blog/bar-and-club-loans/, /blog/car-dealership-loans/, /blog/doctors-office-loans/, /blog/hvac-company-loans/, /blog/plumbing-company-loans/, /blog/retail-store-loans/, /blog/self-storage-loans/, /blog/top-reasons-to-get-an-sba-express-loan/, /loan-terms/ and /sba-express-glossary/what-is-an-sba-504-loan/.","source":"13 CFR 120.214(d); SOP 50 10 8.1, Appendix 18."},{"date":"2026-11-09","page":"/sba-express-glossary/sba-microloans/","was":"The microloan page gave a minimum loan size, a six-year maximum term, a typical rate range and an average loan size. It called microloans some of the easiest SBA loans to get.","now":"The page now says a microloan can be up to $50,000 and must be repaid within seven years. The maximum rate is the intermediary's cost of funds plus a spread set by rule. It gives SBA's own average loan figure, and says each nonprofit intermediary sets its own credit standards.","why":"The old figures did not match the microloan rule or SBA's program page. Also corrected: /blog/catering-company-loans/, /blog/computer-repair-company-loans/, /blog/plumbing-company-loans/ and /blog/preschool-and-daycare-loans/.","source":"13 CFR 120.707(a) to (c); sba.gov/loans/microloans, read November 8, 2026."},{"date":"2026-11-09","page":"/sba-express-glossary/what-is-an-sba-504-loan/","was":"The 504 pages gave a current interest rate, a rate formula and 15-year terms. They said 504 loans need a higher credit score, and they counted the Certified Development Companies in operation. A page on Certified Development Companies described them as a way to get an SBA Express loan.","now":"The pages now say 504 terms are 10, 20 or 25 years and the rate is pegged to the 10-year Treasury market rate. SBA sets no minimum credit score. The counts are removed. The Certified Development Company page now describes 504 loans, which is the loan those companies make.","why":"The old rate, terms and counts had no current SBA source. Certified Development Companies make 504 loans, not SBA Express loans. Also corrected: /blog/car-dealership-loans/, /blog/plumbing-company-loans/, /blog/preschool-and-daycare-loans/, /blog/retail-store-loans/ and /sba-express-glossary/what-is-a-cdc/.","source":"13 CFR 120.931; SOP 50 10 8.1, Sec. C, Ch. 1, Para. D; sba.gov/loans/504-loans, read November 8, 2026."},{"date":"2026-11-09","page":"/sba-express-glossary/what-is-amortization/","was":"The amortization example showed a monthly payment that did not match its own loan amount, rate and term. The page described SBA Express loans as short-term, and said interest-only payments could end with the balance due at maturity. A coverage example on another page rounded 1.11 down to 1.10.","now":"The schedule is recalculated, and it says its rate is a round number used only for the math. The page says SBA does not allow balloon payments. The coverage example now shows 1.11 and gives SBA's minimums by program.","why":"The payment formula gives a different figure for that loan. SBA bars balloon payments on these loans. Also corrected: /sba-express-glossary/what-is-a-debt-service-coverage-ratio-dscr/.","source":"13 CFR 120.214(e); SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.3; the standard loan payment formula."},{"date":"2026-11-09","page":"/blog/sba-express-bridge-loans/","was":"Two articles described a disaster bridge loan pilot and 2020 disaster loan steps in the present tense. Both ended years ago. One list still offered Community Advantage loans.","now":"The articles now say the Express Bridge pilot ended on March 13, 2021 and no longer takes applications. The 2020 steps are written in the past tense. The Community Advantage item is removed.","why":"Both pilots have ended. The Community Advantage pilot ended on October 31, 2023. Also corrected: /blog/coronavirus-and-sba-express-loans-update/ and /blog/plumbing-company-loans/.","source":"82 FR 47958 (October 16, 2017); 85 FR 18107 (April 1, 2020); 88 FR 69003 (October 5, 2023)."},{"date":"2026-11-09","page":"/blog/buying-out-a-partner/","was":"The article said SBA loans cannot be used to buy part of a business. It said a departing partner can never stay on in any role. It said SBA Express needs no collateral and has lower rates than bank loans. It gave an old fee tier and said the borrower pays the guaranty fee to SBA.","now":"The article now gives SBA's change-of-ownership rules. A loan can fund a partial buyout if an original owner stays and guarantees the loan. Seller earnouts are barred. A seller may consult for up to 24 months after a full sale. It gives the FY2027 fee tiers and says the lender pays SBA and may pass the fee on.","why":"The old text did not match Appendix 15 of the SOP or the current fee notice. Also corrected: /sba-express-loan-requirements/.","source":"SOP 50 10 8.1, Appendix 15, Paras. A and B; 13 CFR 120.220(b); SBA Information Notice 5000-881797."},{"date":"2026-11-09","page":"/blog/restaurant-loans/","was":"Twelve pages said a business must have net worth under $20 million and net income under $6.5 million to qualify. One page gave a $5 million income limit.","now":"These pages now say a business must meet SBA's size standard for its industry. The net worth and net income figures are the alternative test, which a business can use instead.","why":"The net worth and income limits are an alternative to the industry size standard, not a requirement on top of it. Also corrected: /blog/auto-repair-shops/, /blog/bar-and-club-loans/, /blog/car-dealership-loans/, /blog/car-wash-loans/, /blog/catering-company-loans/, /blog/hvac-company-loans/, /blog/plumbing-company-loans/, /blog/preschool-and-daycare-loans/, /blog/self-storage-loans/, /blog/what-is-an-sba-loan/ and /sba-express-glossary/what-is-an-sba-504-loan/.","source":"13 CFR 121.201; 13 CFR 121.301(b)."},{"date":"2026-11-09","page":"/blog/refinancing-debt-with-sba-express-loans/","was":"Three articles said debt can be refinanced only if it is on unreasonable terms and the business will benefit.","now":"The articles now list the debt types SBA allows and the payment test. The new installment must generally be at least 10% lower than the old one. Card debt needs a certification that it was used only for the business.","why":"The current SOP replaced the unreasonable terms test with a list of eligible debt and a payment test. Also corrected: /blog/bar-and-club-loans/ and /blog/plumbing-company-loans/.","source":"SOP 50 10 8.1, Appendix 14, Para. A."},{"date":"2026-11-09","page":"/loan-terms/","was":"Four pages said equipment loans run up to 10 years, or up to 25 years. One said a 504 loan is only for real estate.","now":"The pages now say equipment loans generally run up to 10 years, or up to 15 years if the asset's useful life supports it. They say 504 loans also cover long-term machinery and equipment.","why":"Maturity follows the useful life of the asset under the SOP. Also corrected: /blog/car-dealership-loans/, /blog/preschool-and-daycare-loans/ and /blog/sba-express-vs-standard-sba-7a-loans/.","source":"SOP 50 10 8.1, Appendix 17, Para. A; 13 CFR 120.212; 13 CFR 120.931."},{"date":"2026-11-09","page":"/blog/sba-express-vs-standard-sba-7a-loans/","was":"Six pages still gave an older, lower SBA Express maximum loan amount.","now":"The pages now give the current maximum, $500,000.","why":"The SBA Express maximum is $500,000. Also corrected: /blog/auto-repair-shops/, /blog/car-wash-loans/, /blog/doctors-office-loans/, /blog/preschool-and-daycare-loans/ and /sba-express-glossary/what-is-amortization/.","source":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1."},{"date":"2026-11-09","page":"/blog/auto-repair-shops/","was":"Fifteen industry articles opened with revenue, employment or growth statistics from 2017 and 2018 with no source. Two pages gave a 2017 SBA loan total, and two gave counts of SBA partner organizations.","now":"Those statistics are removed. The articles now open with how the trade can use an SBA Express loan.","why":"We could not trace the figures to a primary source, and they were years out of date. Also corrected: /blog/bar-and-club-loans/, /blog/car-dealership-loans/, /blog/car-wash-loans/, /blog/catering-company-loans/, /blog/computer-repair-company-loans/, /blog/hvac-company-loans/, /blog/plumbing-company-loans/, /blog/preschool-and-daycare-loans/, /blog/restaurant-loans/, /blog/retail-store-loans/, /blog/sba-express-bridge-loans/, /blog/self-storage-loans/, /sba-express-glossary/sba-microloans/, /sba-express-glossary/what-is-the-sba-guaranty-fee/ and /sba-express-glossary/what-is-the-small-business-administration/.","source":"Our editorial standards: no statistic without a primary source."},{"date":"2026-11-09","page":"/blog/franchises/","was":"The article said borrowers usually cannot use SBA financing, such as an SBA Express loan, to pay franchise fees. The same claim opened the answer on how long an SBA Express loan for a franchise takes.","now":"The article now says SBA's rules bar 504 loan money from paying franchise fees, while the 7(a) rules that cover SBA Express list no such bar, and tells readers to ask their lender how it treats a franchise fee. The timing answer now opens with what SBA publishes on timing.","why":"SOP 50 10 8.1 does not mention franchise fees. The only bar in 13 CFR part 120 applies to 504 loans.","source":"13 CFR 120.884(d)(4); 13 CFR 120.130; SOP 50 10 8.1, searched 2026-11-09."},{"date":"2026-11-09","page":"/sba-express-glossary/working-capital/","was":"The answer on raising working capital said reducing inventory lowers current liabilities, and that collecting receivables or buying short-term investments raises current assets.","now":"The answer now works from the definition, current assets minus current liabilities. It lists what raises working capital, and says collecting receivables faster or holding less inventory frees cash without changing working capital by itself.","why":"Inventory is a current asset. Collecting a receivable or buying a short-term investment with cash moves money between current assets, so working capital does not change.","source":"The accounting definition of working capital that the page itself gives."},{"date":"2026-10-30","page":"/loan-terms/","was":"The terms table and the text gave fixed day counts for an SBA Express decision and for closing after approval. They also gave a fixed review time for standard 7(a) loans. The text said funds are disbursed within a set number of days of approval and that a guaranty fee will be required.","now":"This page and the home page now say the lender sets the SBA Express decision and closing timeline, with no separate SBA review. They say an SBA guaranty fee may apply. For standard 7(a) loans they give SBA's listed review time. SBA lists a turnaround time of 5-10 business days for Standard 7(a) loans (sba.gov/sba-lenders, read November 8, 2026).","why":"The old day counts had no SBA source. SBA publishes no turnaround time for SBA Express; the lender makes the credit decision. The home page carried the same table and was corrected with it.","source":"sba.gov/sba-lenders, SBA Express and Standard 7(a) rows, read 2026-10-30; SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2."},{"date":"2026-10-30","page":"/blog/approval-times/","was":"The article gave fixed day ranges from application to funding for SBA Express, standard 7(a), 504 and microloans. It said a standard 7(a) loan closes a stated number of days more slowly than an Express loan. It quoted an average microloan closing time.","now":"The article now says the lender sets the closing timeline on SBA Express loans. These usually move faster than standard 7(a) loans because no separate SBA review is needed. The comparison table now reads 'Varies by CDC and bank' for 504 loans and 'Varies by intermediary' for microloans.","why":"SBA publishes no turnaround time for SBA Express. We found no SBA-published closing time for 504 loans or microloans. The day ranges had no source. Other pages repeated the same kind of range and were corrected the same day. Also corrected: /blog/sba-express-vs-standard-sba-7a-loans/, /blog/buying-out-a-partner/, /blog/refinancing-debt-with-sba-express-loans/, /blog/retail-store-loans/, /blog/bar-and-club-loans/, /blog/franchises/, /blog/catering-company-loans/, /blog/coronavirus-and-sba-express-loans-update/ and /sba-express-loan-requirements/.","source":"sba.gov/sba-lenders, SBA Express and Standard 7(a) rows, read 2026-10-30."},{"date":"2026-10-30","page":"/loan-terms/","was":"Before this fix, the terms table and the text said a line of credit can run for seven years at most.","now":"The page now says an SBA Express line of credit can run up to 10 years.","why":"Seven years is the Export Express limit for a line of credit, which is a different program. For SBA Express the limit is 10 years, including any term-out period. Also corrected: /, /blog/sba-express-loan-interest-rates/, /blog/coronavirus-and-sba-express-loans-update/, /blog/doctors-office-loans/ and /blog/refinancing-debt-with-sba-express-loans/. /compare-sba-loans/ was first corrected on 2026-07-30.","source":"SOP 50 10 8.1, App. 17, Para. B.3 (SBA Express lines of credit) and Para. B.6 (Export Express lines of credit)."},{"date":"2026-10-30","page":"/blog/restaurant-loans/","was":"Before this fix the post said SBA Express loan terms are shorter than standard 7(a) terms. It gave a maximum of 7 years for working capital and 10 years for equipment.","now":"The post now says Express repayment terms follow the standard 7(a) maximums. Working capital gets 10 years. Equipment with a longer useful life gets longer. Real estate gets 25 years, plus any reasonable construction or renovation period.","why":"SBA Express loans use the standard 7(a) term limits. Only lines of credit have their own Express limit. The same sentence was corrected on /blog/bar-and-club-loans/, and a similar one on /blog/franchises/.","source":"SOP 50 10 8.1, App. 17, Para. A; 13 CFR 120.212."},{"date":"2026-10-30","page":"/loan-terms/","was":"Before this fix the page put the line below which an SBA Express lender may skip collateral at $25,000. Other pages said loans typically need collateral equal to the loan amount.","now":"Lenders are not required to take collateral on an SBA Express loan of $50,000 or less. Above that, the lender may use its own collateral policies for similar non-SBA loans.","why":"SBA's collateral line for SBA Express is $50,000, not the $25,000 the pages previously gave. SBA's rules do not require collateral equal to the loan amount. Under SOP Appendix 19, a loan request must not be declined solely because collateral is inadequate. Also corrected: /, /blog/sba-express-loan-interest-rates/, /blog/sba-express-vs-standard-sba-7a-loans/ and /sba-express-glossary/what-is-amortization/.","source":"SOP 50 10 8.1, App. 19, Paras. A and B.3."},{"date":"2026-10-30","page":"/blog/sba-express-vs-standard-sba-7a-loans/","was":"The comparison table listed a 640 minimum credit score, with most lenders preferring 680 or higher. It also said businesses must already have exhausted other financing methods, such as personal savings, friends and family, and bank loans.","now":"The table now says there is no SBA minimum credit score and each lender sets its own credit standards. It says the lender must certify that the credit is not available elsewhere on reasonable terms.","why":"SBA sets no minimum credit score; the lender applies its own credit standards. Under 13 CFR 120.101, the desired credit must not be available on reasonable terms from non-federal, non-state and non-local government sources. The lender certifies this. The test is availability on reasonable terms. It is not whether every other source has been used.","source":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2; SBA Procedural Notice 5000-876777; 13 CFR 120.101."},{"date":"2026-10-30","page":"/sba-express-loan-requirements/","was":"The list of ineligible businesses included consumer and marketing cooperatives and businesses that primarily teach religion. It described packagers as 'loan packagers that deal with SBA loan products'.","now":"Cooperatives and religious instruction are no longer on the list. The packager entry now reads 'loan packagers earning more than one third of their gross annual revenue from packaging SBA loans'.","why":"13 CFR 120.110 now reserves paragraphs (k) and (l) and lists neither category. Its packager exclusion applies only to packagers earning more than one third of gross annual revenue from packaging SBA loans. SOP 50 10 8.1 has a section on cooperative applicants. It treats them as eligible when they meet SBA's requirements. Also corrected: /, /loan-for-startup-business/ and /sba-express-glossary/what-is-a-cdc/.","source":"13 CFR 120.110(k) to (m), eCFR issue of 2026-09-29; SOP 50 10 8.1, Sec. A, Ch. 1, Para. E, and Sec. A, Ch. 2, Para. C."},{"date":"2026-10-30","page":"/blog/car-dealership-loans/","was":"Previously said the maximum SBA 504 loan amount was $5.5 million for any borrower.","now":"The post now gives the 504 limit as $5,000,000 per borrower, or $5,500,000 per project for small manufacturers and certain energy projects.","why":"The higher limit applies only to small manufacturers and certain energy projects. Also corrected: /blog/car-wash-loans/, /blog/doctors-office-loans/, /blog/franchises/, /blog/hvac-company-loans/, /blog/plumbing-company-loans/, /blog/preschool-and-daycare-loans/, /blog/retail-store-loans/ and /blog/self-storage-loans/.","source":"13 CFR 120.931(a) to (c); SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1."},{"date":"2026-10-30","page":"/blog/sba-express-loan-interest-rates/","was":"Said 504 loans cannot be used for equipment or working capital.","now":"The post now says 504 loans cannot be used for working capital, and that they finance long-life machinery and equipment.","why":"504 loans finance major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory.","source":"sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A."},{"date":"2026-10-30","page":"/blog/plumbing-company-loans/","was":"Previously the post said a business must have a tangible net worth of less than $5 million. The rates article said businesses with fewer than 500 employees are eligible for 7(a) loans.","now":"Both pages now say a business must meet SBA's size standard for its industry, or the alternative test. The alternative test is tangible net worth of $20 million or less and average net income of $6.5 million or less.","why":"Eligibility turns on the size standard for the applicant's primary industry, or on the alternative test. A single employee count or net worth figure is not the test.","source":"13 CFR 121.301(a) and (b)(2); 13 CFR 121.201; SOP 50 10 8.1, Sec. A, Ch. 1, Para. D."},{"date":"2026-10-30","page":"/blog/sba-express-bridge-loans/","was":"Called the Express Bridge Loan Pilot a new SBA program. Said Express Bridge loans were currently offered on terms of up to 7 years.","now":"The Express Bridge pilot ended March 13, 2021, and the page now describes the loans in the past tense.","why":"SBA extended the pilot only through March 13, 2021. The same wording was corrected on /blog/coronavirus-and-sba-express-loans-update/. That post now also says SBA Express lenders, not SBA itself, made the loans.","source":"85 FR 18107 (April 1, 2020), which extended the pilot through March 13, 2021."},{"date":"2026-10-30","page":"/blog/plumbing-company-loans/","was":"Presented SBA Community Advantage loans, a program SBA has since ended, as a financing option for plumbing companies in amounts up to $250,000.","now":"The post now says the Community Advantage loans ended on October 31, 2023, and drops them from its list of alternatives.","why":"The Community Advantage Pilot Program ended October 31, 2023.","source":"88 FR 69003 (October 5, 2023)."},{"date":"2026-10-30","page":"/blog/coronavirus-and-sba-express-loans-update/","was":"Said the interest rate on COVID-19 Economic Injury Disaster Loans was currently set at a stated figure.","now":"The post now says that figure was the rate for businesses during the COVID-19 program, in the past tense.","why":"SBA stopped accepting new COVID-19 EIDL applications on January 1, 2022, so the program no longer sets a current rate. The post also carries a dated notice that the pandemic-era programs it describes have closed.","source":"SBA, COVID-19 Economic Injury Disaster Loan program (new applications closed January 1, 2022)."},{"date":"2026-10-30","page":"/blog/refinancing-debt-with-sba-express-loans/","was":"Gave a single percentage figure as the maximum interest rate on SBA Express loans. It read as an absolute rate, not a spread over Prime.","now":"The post now says the cap is Prime plus 3.0 to 6.5 percentage points, depending on loan size.","why":"SBA caps the spread over a base rate by loan size. It does not set one maximum rate for every loan.","source":"13 CFR 120.214(d)."},{"date":"2026-10-30","page":"/blog/sba-express-loan-interest-rates/","was":"Said some lenders offer short-term loans with interest rates as high as 70% or even 90%. Also quoted an average interest rate for SBA microloans in 2022 and attributed it to the SBA.","now":"Both statements are removed. In place of the first, the page now advises comparing the annual percentage rate on any short-term offer.","why":"We found no current primary source for either figure, so we removed them instead of presenting them as current. The microloan statistic was also removed from /blog/approval-times/.","source":"No primary source located for either figure."},{"date":"2026-10-30","page":"/","was":"The home page stated approval, funding and quote timelines in days and hours. It also made claims about how likely approval is: because of the SBA guarantee, for startups, and for owners who were denied elsewhere. It called the loan a last resort for those owners.","now":"The page now says the lender makes the credit decision itself, without a separate SBA review, and sets its own closing timeline. It says SBA guarantees 50% of every SBA Express loan. That can make a lender more willing to say yes than on a conventional loan. It adds that about 10% of FY2025 SBA Express loans went to businesses that had not yet opened.","why":"SBA publishes no turnaround time for SBA Express; the lender makes the credit decision. No source supported the quote-time or approval statements. SBA's own loan data shows startups were a small share of FY2025 SBA Express lending.","source":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2; SOP 50 10 8.1, App. 16, Para. B.2; sba.gov/sba-lenders, SBA Express and Standard 7(a) rows, read 2026-10-30; SBA 7(a) FOIA loan-level data, FY2025 (startup share 9.9%)."},{"date":"2026-10-30","page":"/","was":"The home page listed 'not having any existing debt obligations to the government' as an SBA Express requirement.","now":"The page now lists 'not being delinquent on any federal debt'.","why":"SBA bars an applicant or guarantor that owes nontax federal debt in delinquent status. The old wording would have excluded any borrower with federal debt, delinquent or not.","source":"SOP 50 10 8.1, Sec. A, Ch. 1 (Delinquent Federal Debt); 31 CFR 285.13."},{"date":"2026-10-30","page":"/about-sba-express-loans/","was":"The page said a team of SBA lending professionals shared a vision of simplifying the process. It said loan experts would help visitors through it. Related pages offered lending specialists for a risk-free consultation and a free quote. One promised to make sure visitors receive the loan their business needs.","now":"The page now says Janover Capital LLC operates the site. It says we are not a lender and we route inquiries to lending partners. The related pages say we route your inquiry to SBA lending partners and the lender makes the credit decision.","why":"We could not support the statements about specialists, quotes or outcomes. The site routes inquiries. It does not quote, and the lender makes every credit decision. Also corrected: /, /contact-sba-express-loans/, /online-quick-apply/, /blog/approval-times/ and /sba-loans-by-state/.","source":"Entity and role statement in the site footer and advertiser disclosure."},{"date":"2026-10-30","page":"/sba-express-glossary/what-is-an-sba-7-a-loan/","was":"Eight glossary pages and all 50 state pages closed with a prompt in capital letters. It offered personalized assistance from an SBA Express loan specialist and a free loan quote.","now":"Each prompt now says we are not a lender. It says we route your inquiry to SBA lending partners and the lender makes the credit decision.","why":"The site does not quote loans, and the prompt promised a quote and a personal specialist. Two state pages, Alaska and Ohio, had no working button at all.","source":"Entity and role statement in the site footer and advertiser disclosure."},{"date":"2026-10-30","page":"/alabama-small-business-loans/","was":"Each state page gave a count of loans under $100,000 and a dollar total for 'the most recent notable financial year'. It named no year and no source. It then said financial analysis shows the state is one of the best places for small business owners to grow.","now":"Both sentences are removed. Each state page now has a data section built from SBA's own loan records for SBA Express loans in that state.","why":"We could not tie the loan statistic to a year or a source. We could not cite any analysis behind the ranking. The same two sentences were removed from 48 other state pages.","source":"Removed for lack of a primary source. Replacement data: SBA 7(a) FOIA loan-level data, FY2020 to present, file as of 2026-06-30."},{"date":"2026-10-30","page":"/alabama-small-business-loans/","was":"Each state page said the site was standing by to help. It named Wells Fargo, JP Morgan Chase Bank and Truist as major SBA-approved lending partners with branches statewide.","now":"The paragraph now says SBA Express loans are made by private lenders. It points to the SBA data on the same page, which shows who actually made the loans in that state. It adds that we route inquiries to SBA lending partners and the lender makes the credit decision.","why":"The page's own SBA loan data did not support the list of banks. The same paragraph was replaced on 48 other state pages.","source":"SBA 7(a) FOIA loan-level data, FY2020 to present, file as of 2026-06-30."},{"date":"2026-10-30","page":"/blog/sba-express-loan-interest-rates/","was":"Two sentences on this page said an SBA Express applicant can expect a lender decision within a fixed number of hours.","now":"The page now says the lender makes the credit decision itself, without a separate SBA review, so there is no wait for SBA.","why":"No current SBA page or SOP gives a response time for SBA Express. The figure traced back to SBA pages archived in 2012 to 2014. Today the rule is that the lender makes the credit decision without prior SBA review. Also removed: /sba-express-glossary/what-is-the-sba-export-express-loan-program/, /blog/coronavirus-and-sba-express-loans-update/, /blog/preschool-and-daycare-loans/, /blog/self-storage-loans/, /blog/auto-repair-shops/ and /compare-sba-loans/. The promise was also removed from the llms.txt file, the public API and a social share image.","source":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2; sba.gov/sba-lenders, where the SBA Express row lists no turnaround, re-checked 2026-10-30."},{"date":"2026-10-30","page":"/sba-express-payment-calculator/","was":"The estimator started from a Prime rate copied from a Federal Reserve release dated 2026-07-30. It applied the fiscal year 2026 upfront fee schedule, including a zero fee for manufacturers on loans up to $950,000.","now":"The estimator starts from the live WSJ Prime rate. Its rate ceiling stops at Prime plus the spread for the loan size. It applies the fiscal year 2027 fee schedule (October 1, 2026 through September 30, 2027). That includes 0% for loans of $700,000 or less to manufacturers (NAICS 31-33), listed food supply chain businesses and businesses in rural areas.","why":"SBA's fiscal year 2027 fee notice took effect on October 1, 2026, so from that date the calculator showed fees from an expired schedule. The calculators hub carried the same fiscal year wording and was updated with it.","source":"SBA Information Notice 5000-881797 (FY2027 7(a) fees, published 2026-09-03, effective 2026-10-01); 13 CFR 120.214(d)."},{"date":"2026-09-29","page":"/blog/sba-express-loans-for-veterans/","was":"The article said the SBA Veterans Advantage program gives veterans an upfront discount on guaranty fees. It said veterans get a 50% discount on all guaranty fees on SBA 7(a) loans. It listed reduced fee tiers.","now":"The article now says SBA Express loans to veteran-owned businesses carry no upfront guaranty fee, by statute. Veteran-owned means owned and controlled by a veteran or a veteran's spouse. Standard 7(a) loans get no veteran discount. They pay the same upfront fee as other borrowers.","why":"The 50% discount belonged to the Veterans Advantage program, which ended in 2018. The Express waiver is set by statute. It covers only SBA's upfront guaranty fee, not the lender's annual service fee or any fee the lender charges. Also corrected: /sba-express-glossary/what-is-the-sba-veterans-advantage-program/, /sba-express-glossary/what-is-the-sba-guaranty-fee/ and /blog/what-is-an-sba-loan/.","source":"15 U.S.C. 636(a)(31)(G); 13 CFR 120.220(a)(3); SBA Information Notices 5000-872051 (FY2026) and 5000-881797 (FY2027); SBA Information Notice 5000-1955 (FY2018 veteran fees)."},{"date":"2026-09-29","page":"/blog/sba-express-loans-for-veterans/","was":"The FAQ said the maximum loan amount for SBA Express loans for veterans is $5 million.","now":"The FAQ now says SBA Express loans, including loans to veteran-owned businesses, top out at $500,000.","why":"The standard 7(a) maximum is $5,000,000. SBA Express is capped much lower.","source":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1; SOP 50 10 8.1, Sec. B, Ch. 1, Para. B.1; 13 CFR 120.151."},{"date":"2026-09-29","page":"/sba-express-glossary/what-is-the-sba-veterans-advantage-program/","was":"The Veterans Advantage glossary page and the veterans article listed these as benefits. They were no fees on loans up to $25,000, no prepayment penalties, no application fees and no guarantor requirements.","now":"The lists now say there is no upfront SBA guaranty fee for a veteran-owned business. They say there is no prepayment penalty on loans with terms under 15 years. They say the lender charges no origination or commitment fee, though it may charge a packaging fee. They say a personal guaranty is required from every owner of 20% or more of the business.","why":"Lenders may not charge commitment, origination, broker, referral and similar fees, points, prepayment fees and renewal fees. They may charge a packaging fee within SBA limits. SBA's separate subsidy recoupment fee applies only to loans with maturities of 15 years or more. Holders of 20% or more ownership generally must guarantee the loan. We found no SBA rule behind a fee-free line at $25,000.","source":"13 CFR 120.160(a), 120.221 and 120.223; SOP 50 10 8.1, Sec. A, Ch. 4, Para. C; 15 U.S.C. 636(a)(31)(G)."},{"date":"2026-09-29","page":"/blog/sba-express-loans-for-veterans/","was":"The eligibility list said a business must be 51% owned by an eligible veteran. It did not list reservists or National Guard members as eligible owners. It excluded only veterans who were dishonorably discharged.","now":"The list now says the business must be at least 51% owned and controlled by one or more eligible individuals. Eligible owners include veterans, except those who received a dishonorable or bad conduct discharge. They also include active duty members eligible for the Transition Assistance Program and members of the Reserve or National Guard. Current spouses of these groups qualify too.","why":"The statute covers veterans, people eligible for the Transition Assistance Program, and members of a reserve component named in 10 U.S.C. 10101. It also covers their spouses and the surviving spouses of those who died on active duty or of a service-connected disability. SOP 50 10 8.1 excludes veterans who received a dishonorable or bad conduct discharge from the Express waiver. Also corrected: /sba-express-glossary/what-is-the-sba-veterans-advantage-program/.","source":"15 U.S.C. 636(a)(31)(G); SOP 50 10 8.1, Sec. A, Ch. 4, Para. C.1; SBA Information Notice 5000-881797, p. 3."},{"date":"2026-09-29","page":"/blog/sba-express-loans-for-veterans/","was":"The FAQ gave fixed day counts for an SBA Express decision and for funding. It also called SBA Microloans the fastest form of SBA funding, with a stated average closing time and no need for good credit.","now":"The FAQ now says the lender makes the credit decision itself, without prior SBA review, so timing depends on the lender. It says SBA does not publish a standard turnaround time for SBA Express. It describes SBA Microloans, up to $50,000, as made through nonprofit intermediary lenders that make their own credit decisions.","why":"SBA publishes no turnaround time for SBA Express; the lender makes the credit decision. Each microloan intermediary sets its own terms and credit standards, so no single closing time or credit standard applies.","source":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2; sba.gov/sba-lenders and sba.gov/loans/microloans, read 2026-09-29."},{"date":"2026-09-29","page":"/sba-express-glossary/what-is-the-sba-guaranty-fee/","was":"The page said borrowers must pay the guaranty fee within 90 days of approval. It said the fee is waived for Veterans Advantage applicants who borrow under $150,000. It said longer terms begin at 3%. It described the 'SBA loan fee' as a separate charge. It linked a fee notice that no longer loads.","now":"The page now says the lender pays SBA the fee within 90 days of approval. For a loan of 12 months or less, the deadline is 10 business days. The lender may pass the cost to the borrower. The page gives the standard schedule from SBA's fiscal year 2026 and 2027 notices and links both notices. It says 'SBA loan fee' is another name for the same charge.","why":"Under 13 CFR 120.220(b) the lender owes SBA the fee and may then charge the borrower. 'Guaranty fee' and 'loan fee' are the same upfront fee. The Express waiver for veteran-owned businesses is set by statute and has no $150,000 limit.","source":"13 CFR 120.220; SOP 50 10 8.1, Sec. A, Ch. 4, Para. C; SBA Information Notices 5000-872051 and 5000-881797."},{"date":"2026-09-29","page":"/sba-express-glossary/what-is-the-sba-veterans-advantage-program/","was":"The page and its summary gave conflicting loan-size limits for the veteran fee waiver: $500,000 in one place and $350,000 in another. The guaranty fee page gave a third limit of $150,000. The page told readers to apply on an SBA Express Loan website. It said the program offers term loans, lines of credit and microloans.","now":"The page now says the waiver applies to SBA Express loans, which go up to $500,000, and does not reach standard 7(a) loans. It says you apply through a participating lender. It says an SBA Express loan can be a term loan or a revolving line of credit.","why":"The waiver is set by statute and covers SBA Express loans only, so a limit below the Express maximum had no basis. SBA Express covers term loans and lines of credit. Microloans are a separate program made through intermediaries.","source":"15 U.S.C. 636(a)(31)(G); SBA Information Notice 5000-881797, p. 3; sba.gov/sba-lenders, read 2026-09-29."},{"date":"2026-09-29","page":"/blog/what-is-an-sba-loan/","was":"The overview promised a response to SBA Express applications within a set number of hours. It promised Export Express applicants a response in a shorter number of hours. Before this fix it said collateral is needed for requests over $25,000. It gave Certified Lenders a fixed SBA decision time. It also said the Veterans Advantage Program provides reduced fees.","now":"The overview now says the lender makes the credit decision without prior SBA review for SBA Express and Export Express. Its requirements list now puts the collateral line at $50,000. It says lenders with delegated authority can approve a 7(a) loan without prior SBA review. For loans SBA reviews itself, it cites SBA's own listed review times. It describes Veterans Advantage in the past tense.","why":"SBA publishes no turnaround time for SBA Express; the lender makes the credit decision. SBA does not require collateral on SBA Express or 7(a) Small loans of $50,000 or less. Veterans Advantage cut fees from 2014 to 2018. SBA Express loans to veteran-owned businesses still carry no upfront guaranty fee.","source":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2; SOP 50 10 8.1, App. 19, Paras. B.2 and B.3; sba.gov/sba-lenders, read 2026-09-29."},{"date":"2026-08-01","page":"/sba-express-loan-requirements/","was":"The requirements list said a business should be in operation for at least 2 years. Twelve other pages repeated the rule. One article said SBA Express loans are only available to businesses operating at least two years, so startups may not be eligible.","now":"The pages now say SBA sets no minimum time in business and that the business must be an operating business. The retail store article now says lenders weigh credit, collateral and the business plan more heavily for startups.","why":"SBA's 7(a) eligibility rules call for an operating, for-profit business. We found no minimum time in business in those rules or in the SBA Express chapter of the SOP. SOP 50 10 8.1 defines a startup as a business in operation for 1 year or less. It sets equity rules for startup 7(a) loans, so startups can borrow. The two-year rule also contradicted the site's own page on loans for startups. Also corrected: /loan-terms/, /blog/what-is-an-sba-loan/, /blog/sba-express-loan-interest-rates/, /blog/sba-express-vs-standard-sba-7a-loans/, /blog/retail-store-loans/, /blog/self-storage-loans/, /blog/plumbing-company-loans/, /blog/computer-repair-company-loans/, /blog/approval-times/, /blog/coronavirus-and-sba-express-loans-update/, /blog/buying-out-a-partner/ and /blog/refinancing-debt-with-sba-express-loans/.","source":"13 CFR 120.100; sba.gov 7(a) eligibility, fetched 2026-07-24; SOP 50 10 8.1, Sec. B, Ch. 1, Para. C."},{"date":"2026-08-01","page":"/sba-express-loan-requirements/","was":"The page said a credit score of 600 to 650 ensures loan amounts between $30,000 and $150,000. It said a score of 650 or higher raises eligibility above $150,000. Seven other pages said borrowers need a score of 600 to 650 to be approved.","now":"The pages now say SBA sets no minimum credit score. They describe the 600 to 650 range and the loan amount bands as what many lenders look for in practice.","why":"SBA sets no minimum credit score; the lender applies its own credit standards. The bands remain on the pages as lender practice. We have no SBA source for them. Also corrected: /loan-terms/, /blog/retail-store-loans/, /blog/buying-out-a-partner/, /blog/approval-times/, /blog/coronavirus-and-sba-express-loans-update/, /blog/refinancing-debt-with-sba-express-loans/ and /blog/sba-express-vs-standard-sba-7a-loans/.","source":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2; SBA Procedural Notice 5000-876777. No numeric minimum appears in the SOP."},{"date":"2026-08-01","page":"/alabama-small-business-loans/","was":"Each of the 50 state pages introduced its small business counts as 'Current Small Business Administration statistics'.","now":"Each page now says the statistics were published in the SBA Office of Advocacy state profiles. The figures themselves are unchanged.","why":"The source profiles are no longer published, so the figures cannot be called current. We have not refreshed them. They stay on the pages as published in those profiles, without a date.","source":"SBA Office of Advocacy state small business profiles (no longer published)."},{"date":"2026-08-01","page":"/blog/sba-express-loan-interest-rates/","was":"The page said that, as of now, SBA Express loan rates range from 4.5 to 6.5 points above Prime. The page excerpt repeated the claim.","now":"The opening now says SBA Express loan rates are capped at Prime plus 3.0 to 6.5 percentage points, depending on loan size.","why":"The cap runs from 3.0 to 6.5 points over the base rate, depending on loan size. It is a cap, not the range of rates borrowers pay. The old claim also carried no date.","source":"13 CFR 120.214(d)."},{"date":"2026-08-01","page":"/blog/sba-express-loan-interest-rates/","was":"The post described SBA Community Advantage loans as a current program and gave their typical interest rates.","now":"The post now says SBA has discontinued the Community Advantage pilot program and describes the loans in the past tense.","why":"The Community Advantage Pilot Program ended October 31, 2023.","source":"88 FR 69003 (October 5, 2023)."},{"date":"2026-08-01","page":"/blog/sba-express-loan-interest-rates/","was":"The rates page was headed 'Daily Updates', and its search title said 'Updated Daily'. The loan terms page promised live SBA loan rates below a heading with nothing under it. A top reasons post headed a rates section 'Updated Daily' with no table. The rates page pointed readers to a Prime rate table that was not there.","now":"The daily and live promises are gone. The top reasons post now shows the maximum-rate table with its source and date. The rates page tells readers to check current Prime at wsj.com or federalreserve.gov.","why":"Those pages were not updated daily and carried no live rate feed on those dates. A reader could not find the rates the headings promised.","source":"13 CFR 120.214(d), for the replacement table. The removed promises had no source."},{"date":"2026-08-01","page":"/blog/sba-express-loan-interest-rates/","was":"The maximum-rate tables added on 2026-07-30 gave the 4.5-point band as $250,001 to $500,000. They gave the 3.0-point band as $350,001 to $500,000, so a $400,000 loan fit both bands. The FAQ table showed the 3.0-point band as starting above $500,000.","now":"Loans of $250,001 to $350,000 are capped at Prime plus 4.5 percentage points. Loans over $350,000 are capped at Prime plus 3.0 percentage points.","why":"Before this fix, our own correction of the Express loan limit rewrote the $350,000 boundary between the two bands. That boundary is a rate boundary, not a loan limit. It is $350,000 under 13 CFR 120.214(d). The faulty tables were committed on 2026-07-30 and fixed on 2026-08-01.","source":"13 CFR 120.214(d)(3) and (4)."},{"date":"2026-07-30","page":"/blog/sba-express-loan-interest-rates/","was":"The article's rate tables listed spreads over Prime that depended on loan term. They had separate tables for terms under 7 years and for terms of 7 years or more. An FAQ answer repeated them.","now":"The tables now give one maximum rate by loan size. Loans of $50,000 or less: Prime plus 6.5 percentage points. Up to $250,000: Prime plus 6.0 percentage points. Up to $350,000: Prime plus 4.5 percentage points. Above $350,000: Prime plus 3.0 percentage points.","why":"SBA removed the maturity-based spreads in 2022. The current rule, 13 CFR 120.214(d), sets one ceiling by loan size alone, and loan term no longer changes it. The first version of the new tables had a band-label error, corrected in the entry dated 2026-08-01.","source":"13 CFR 120.214(d), as amended at 87 FR 38908 (June 30, 2022)."},{"date":"2026-07-30","page":"/compare-sba-loans/","was":"Previously the legacy comparison page said all SBA Express terms can be up to seven years. Before this fix, a first correction had changed that to seven years as the maximum for a line of credit, which was also wrong.","now":"The page said SBA Express terms run up to 25 years for real estate, with 10 years the maximum for a line of credit.","why":"Seven years is the Export Express line of credit limit, which sits in a different part of the SOP. The first fix repeated that mix-up. SBA Express lines of credit may not exceed 10 years, term-out period included. The same error was found on other pages and corrected on 2026-10-30.","source":"SOP 50 10 8 (effective 2025-06-01), Sec. B, Ch. 2; current text at SOP 50 10 8.1, App. 17, Para. B.3."},{"date":"2026-07-30","page":"/blog/sba-express-loans-for-veterans/","was":"The FAQ said veteran SBA Express borrowers get lower interest rates than traditional loans. Before this fix it also said no collateral was needed for loans up to $25,000. It said no personal guarantee was needed for loans up to $25,000.","now":"The FAQ now says rates are capped by SBA against a published base rate. It says collateral requirements depend on loan size and SBA policy. It says a personal guaranty is required from every owner of 20% or more of the business.","why":"No source supported a claim that rates are lower than on conventional loans. SBA's rule caps the spread over a base rate. 13 CFR 120.160(a) generally requires a personal guaranty from holders of at least 20 percent ownership. We removed the collateral figure instead of restating it, because SOP collateral thresholds change between revisions. Other pages carrying the $25,000 line were corrected on 2026-10-30. The same FAQ lines were fixed on /sba-express-glossary/what-is-the-sba-veterans-advantage-program/.","source":"13 CFR 120.160(a); 13 CFR 120.214(d); SOP 50 10 8 (effective 2025-06-01), App. 19."},{"date":"2026-07-30","page":"/blog/sba-express-vs-standard-sba-7a-loans/","was":"Previously the pages said that the maximum SBA Express loan amount was $350,000. This appeared mostly in the related-question answers under each article. Some pages said Express loans are capped well below the $5 million 7(a) maximum.","now":"SBA Express loans go up to $500,000.","why":"$500,000 is the SBA Express maximum. $350,000 is the limit for 7(a) Small loans, a separate product. The old text mixed the two. The same correction was made on 16 other pages, mostly industry articles under /blog/. Made in the rebuild that went live on 2026-07-30.","source":"SBA, 7(a) loan terms, conditions and eligibility (sba.gov), fetched 2026-07-24; current text at SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1."},{"date":"2026-07-30","page":"/loan-terms/","was":"The loan terms page and the home page described the SBA Express rate cap in conflicting ways. Ranges ran from 2.25 to 8 points over Prime. One version tied the cap to loan term as well as loan size. Another said loans over $250,000 would price 5 points over Prime.","now":"Both pages now give the cap by loan size: Prime plus 3.0 to 6.5 percentage points, depending on loan size. Each has a table of the four bands.","why":"Since 2022, 13 CFR 120.214(d) has capped the rate by loan size alone, from 3.0 to 6.5 points over the base rate. Loan term does not change the cap. Made in the rebuild that went live on 2026-07-30.","source":"13 CFR 120.214(d); SBA, 7(a) loan terms, conditions and eligibility (sba.gov), fetched 2026-07-24."},{"date":"2026-07-30","page":"/blog/what-is-an-sba-loan/","was":"Twelve pages gave the alternative size standard with older figures. Previously they said tangible net worth of less than $15 million and, on eleven of them, average net income of less than $5 million.","now":"The pages now say tangible net worth of $20 million or less and average net income of $6.5 million or less.","why":"SBA has since raised the alternative size standard for inflation. 13 CFR 121.301(b)(2) now sets $20 million of tangible net worth and $6.5 million of average net income. The same correction was made on 11 other pages, mostly industry articles under /blog/. Made in the rebuild that went live on 2026-07-30.","source":"13 CFR 121.301(b)(2), eCFR issue of 2026-09-29."},{"date":"2026-07-30","page":"/compare-sba-loans/","was":"The comparison page said SBA 504 loan amounts range from $125,000 to $20 million, with terms up to 20 years.","now":"The page said 504 loan amounts top out at $5.5 million, with 10-, 20- and 25-year maturities.","why":"13 CFR 120.931 limits 504 loans to $5,000,000 per borrower, or $5,500,000 per project for small manufacturers and certain energy projects. This fix used the higher figure for every borrower. The page was rebuilt on 2026-10-30 with both limits. Made in the rebuild that went live on 2026-07-30.","source":"13 CFR 120.931; SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.2; sba.gov 504 loans, fetched 2026-07-24."},{"date":"2026-07-30","page":"/alabama-small-business-loans/","was":"Forty-nine state pages named SunTrust among the major SBA-approved lending partners with branches statewide.","now":"The pages named Truist, formerly SunTrust.","why":"The holding company of Branch Banking and Trust merged with SunTrust Banks in December 2019, and the combined bank operates as Truist. The paragraph naming banks was replaced entirely on 2026-10-30. Made in the rebuild that went live on 2026-07-30.","source":"Truist Financial Corporation, Form 10-K for fiscal year 2019, which reports the merger as effective December 6, 2019 (SEC)."},{"date":"2026-07-30","page":"/blog/coronavirus-and-sba-express-loans-update/","was":"The post described the pandemic-era Paycheck Protection Program and COVID-19 disaster loans in the present tense, with no note that they had closed.","now":"A dated notice at the top says the Paycheck Protection Program stopped accepting applications on May 31, 2021. It says COVID-19 Economic Injury Disaster Loan applications closed on January 1, 2022. It points readers to what is still available.","why":"Both programs have closed. The post is kept as a record of how SBA Express behaved during that period. Made in the rebuild that went live on 2026-07-30.","source":"SBA, Paycheck Protection Program (applications closed May 31, 2021) and COVID-19 Economic Injury Disaster Loan program (new applications closed January 1, 2022)."}]}}