In this video, Brad Hettich, President of Commercial Lending X, breaks down the critical updates to the SBA 7A loan program that go into effect on June 1, 2025. These sweeping changes mark a significant policy shift—many reverting to pre-2021 standards—and include new requirements that will impact borrowers, lenders, and business owners alike. From stricter ownership and equity guidelines to updates in loan eligibility, underwriting, and the return of key rules like the Franchise Directory and Credit Elsewhere Test, this video covers what you need to know to stay prepared.