# @forbes on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DPXIOwVAfR-
- **Gondola URL:** https://gondola.cc/posts/35302151-forbes-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/c2c26a6271.jpg
- **Posted:** 2025-10-03T21:00:33.000+00:00
- **Account Owner:** Forbes (@Forbes) — https://gondola.cc/Forbes

## Caption

Lost in the shuffle of the government shutdown, the Small Business Administration (#SBA) issued a new procedural notice on Sept. 30. Procedural notices are the SBA’s way of clarifying or changing how its loan programs operate. This one affects the 7(a) and 504 programs, the two main channels for government-backed small business financing. Together, they help entrepreneurs buy companies, real estate, and equipment by reducing risk to lenders by backing the loans with a government guarantee.⁣
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The most notable change centers on how the agency defines a “new business.” Until now, if an existing company wanted to acquire another in the same industry, the SBA required that purchase to be in the same geographic market. Otherwise, the deal was treated as a “new business,” which carries stricter rules. The new guidance drops the geography test. ⁣
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Keep reading at the link in our bio.

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## Tags

sba

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