Updates to SOP 50 10 7.1

The purpose of this Notice is to revise provisions in SOP 50 10 7.1 related to Borrowers
operating in leased space, equity requirements for complete partner buyouts and partial changes
of ownership, and 7(a) loan maturities for complete changes of ownership. This Notice also
clarifies provisions related to the use of 7(a) loan proceeds to refinance same institution debt.
The revised provisions are effective as of the date of this Notice.