SBA Emergency Update by Search Fund Coalition

*** Registration required for attendance: https://luma.com/sfcsba226 *** The SBA just dropped a policy update that immediately changes who can own equity in an SBA backed acquisition. Under the new guidance, US Lawful permanent residents (green card holders) and non US citizens are no longer eligible to hold ownership in an SBA financed deal. This is not a hypothetical shift. It affects active Searches, signed LOIs, and deals currently moving through lender review. We are hosting an emergency session this Friday to break down what changed, how lenders and attorneys are interpreting it, and what Searchers need to understand right now. We are bringing together ^redacted‌ from Live Oak Bank and ^redacted‌ from Cullen & Dykman, two advisors who are actively navigating this policy change with Searchers and deal teams in real time. If you are a non-US citizen Searcher, working with a non-US partner, or relying on SBA as a core part of your capital stack, this session matters. It connects the policy language to what is actually happening at the deal table and what adjustments may be required going forward. When the rules change overnight, clarity is not optional. *** Registration required for attendance: https://luma.com/sfcsba226 ***