Rom 5:10
10 For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.!
SBM error here is easy to see if you just look at the immediate context this text is found in. Romans 5:1 declares the CURRENT relationship with God is “peace.” Romans 5:1-2 demands this CURRENT peace between God and the believer was established “BY FAITH”:
Rom. 5:1 ¶
Therefore being justified by faith, we have peace with God through our Lord Jesus Christ:
2 By whom also we have access by faith into this grace wherein we stand, and rejoice in hope of the glory of God.
By faith we are justified; by faith we have peace and by faith we have access into this grace. The faith he is talking about is described previously in Romans 4:23-25.
In Romans 5:3-4 he asserts this relationship of “peace” established through justification by faith cannot be destroyed by CURRENT “tribulations” because the hope embraced by faith is only increased /strengthened by tribulation:
2 By whom also we have access by faith into this grace wherein we stand, and rejoice in HOPE of the glory of God.
3 And not only so, but we glory in tribulations also: knowing that tribulation worketh patience;
4 And patience, experience; and experience, HOPE:
Justification by faith in the "hope" of the gospel is not destroyed by tribulation but only increased. Note this "hope" cycle begins in verse 2 and ends with "hope" in verse 4
The reason tribulation worketh hope in us instead of robbing us of our peace with God is due to the fact that the work of the Holy Spirit is within us overwhelms tribulations by confirming the love of God FOR US in our hearts in spite of tribulations.
Rom. 5:5
And hope maketh not ashamed; because the love of God is shed abroad in our hearts by the Holy Ghost which is given unto us.
Now he turns to demonstrate how overwhelming this love of God is for us. In verses 6-11 his basic argument is since God's love for us existed while we were yet without strength, while we were enemies, while we were sinners then MUCH MORE NOW that we "have received the atonement" (v. 11) by faith. Hence, the contrast is between BEFORE we "received the atonement" by faith versus NOW that we have "received the atonement" by faith.
6 ¶ For
when we were yet without strength, in due time Christ died for the ungodly.
7 For scarcely for a righteous man will one die: yet peradventure for a good man some would even dare to die.
8 But God commendeth his love toward us, in that,
while we were yet sinners, Christ died for us.
9
Much more then, being now justified by his blood, we shall be saved from wrath through him.
10 For if, when we were enemies, we were reconciled to God by the death of his Son, , we shall be saved by his life.
11 And not only so, but we also joy in God through our Lord Jesus Christ, by whom
we have now received the atonement.
See the "
now" justified in verse 9! That is what the present tense "being reconciled" in verse 10 refers to rather than back at the cross. We are "NOW" justified because "we have NOW received the atonement" by faith.
SBM confuses Christ's LEGAL BASIS for atonement/justification/reconciliation with the "
NOW received" atonement/justification/reconciliation by faith or the APPLICATION WORK by the Holy Spirit. He is talking about the CURRENT work of the Holy Spirit (v. 5) confirming the love of God in our hearts. The Holy Spirit confirms it by this contrast between BEFORE we were justified by faith and NOW being justified by faith, BEFORE by God's love demonstrated at the cross with NOW by the justifying work of the Holy Spirit in our lives.