https://starfieldsmith.com/wp-content/uploads/2025/10/a08db271-1020-49d5-9be1-13c44400765b.mp3 Title insurance serves several important functions for lenders.  Primarily, it insures that the lien created by a mortgage, deed of trust or security deed is valid and enforceable and in the proper lien position.  It also protects lenders by insuring against loss from title defects such as lack of legal access to the property, ... Read More

https://starfieldsmith.com/wp-content/uploads/2025/10/d311c7e1-4e05-4b5b-8445-ba9341f087a1.mp3 SBA lenders are often asked by borrowers or guarantors to release or subordinate collateral during the life of an SBA 7(a) loan. This collateral can include both personal and real property. While such requests are generally permissible, lenders must ensure that any release complies with SBA requirements and that they take the right steps ... Read More

https://starfieldsmith.com/wp-content/uploads/2025/10/7cafaf92-bc34-4743-8cfe-fdcd1d5c0f9b.mp3 As discussed in last week’s article “Recent 504 and 7(a) Program Updates”, effective September 30, 2025, SBA released Procedural Notice 5000-872764 (the “Notice”) amending certain provisions of SOP 50 10 8.  Last week’s article discussed SBA Business Expansion Clarification, Update to Upfront Fee Calculations for Working Capital Pilot Programs, Lien Recording and Secondary Market ... Read More

https://starfieldsmith.com/wp-content/uploads/2025/10/ca869532-06c2-4787-bf77-8d1a81dc50c2.mp3 Effective September 30, 2025, SBA released Procedural Notice 5000-872764 (the “Notice”) amending the SOP 50 10 8 (“SOP”) based on feedback the agency received from Lenders. This article will discuss a few key changes for SBA Lenders to review. For the full text of the notice, please visit Procedural-Notice-5000-872764.pdf SBA Business Expansion Clarification Prior ... Read More

https://starfieldsmith.com/wp-content/uploads/2025/10/37000cea-2d78-4cdc-8173-cb1164b00e3b.mp3 On September 4, 2025, the Small Business Administration (“SBA”) issued SBA Procedural Notice 5000-870260 to announce the creation of the new 7(a) Manufacturers’ Access to Revolving Credit (“MARC”) Loan Program in order to support America’s small business manufacturers by providing expanded access to credit specifically for working capital, and effective today, October 1, 2025, ... Read More

https://starfieldsmith.com/wp-content/uploads/2025/09/b11d58de-9614-4377-8805-bf1a6736b293.mp3 In the context of SBA lending, properly perfecting security interests in required collateral is one of the most important steps in closing an SBA loan.  For personal property collateral, lenders obtain a security agreement from the debtor and file a UCC-1 financing statement against the debtor securing a lien on the borrower’s assets as ... Read More