XPX Triangle Lunch & Learn: SBA SOP 50 10 8: Changes That Impact Business Acquisitions

The SBA’s newest SOP 50 10 8 marks a major milestone for business acquisition financing that represents both a return to pre-COVID lending rules and the introduction of new flexibility for modern deal structures. This update restores many of the foundational practices lenders and buyers relied on before the pandemic, while also evolving to reflect today’s market realities.

This is important news because the revised SOP opens the door for more creative and achievable transactions. By blending familiar, proven standards with forward-looking updates, the SBA is making it easier for buyers to acquire businesses and for lenders to confidently support those deals. In short, it’s a fresh balance of stability and innovation in SBA lending. Join Michael Goddard for an extensive presentation on this topic followed by a Q&A.

Our Speaker:

Michael Goddard
Senior Vice President/Senior SBA Business Development Officer
Fidelity Bank

Mike Goddard has more than 20 years of experience in the financial services industry, with a strong focus on bank lending. Throughout his career, he has held key roles in commercial lending, credit analysis, credit approval, portfolio management, and SBA lending. As an SBA Business Development Officer, Mike specializes in helping entrepreneurs secure financing for business acquisitions, partner buyouts, and major expansion initiatives. His deep expertise and strategic insight make him a valuable resource for business owners navigating complex financial decisions.

Registration Fees:

XPX Triangle Members  - $0.00
XPX Triangle Members Same Day/Walk-in Fee  - $20.00

XPX Chapter Network Members Regular Fee - $30.00
XPX Chapter Network Members Same Day/Walk-in Fee - $40.00

Non-Members Regular Fee  - $35.00
Non-Members Regular Fee Same Day/Walk-In Fee  - $45.00

Food and beverages are included.

Event Registration Cancellation Policy: You may request a full refund for your event registration up to 72 hours before the scheduled date and time. After that deadline, the sale is final and no refunds or credits will be issued. The registration fee is non-transferable, non-substitutable and no replacements are offered.