The SBA recently replaced the SOP again on October 1, 2026. This panel covers what applies to a deal signed today: the 10% equity injection and what counts toward it, seller notes on full standby, the 100% U.S.-citizen ownership requirement, personal guarantees and rollover equity, and the new valuation, quality of earnings, and debt service coverage requirements. Presenters will show how these rules reshape the capital stack, where outside investor equity is now capped, and what to confirm with a lender in writing before signing an LOI. Attendees will leave with a current structuring checklist and a clear view of which deal structures no longer work.