Articles

https://starfieldsmith.com/wp-content/uploads/2024/10/78ee82d9-cfb6-4a84-b35c-3e3b17bafe41.mp3 In today’s technological world many small businesses seek to protect their intangible creations, often referred to as intellectual property, by obtaining registered copyrights, trademarks and patents on these items. As with other types of personal property, to perfect a security interest in intellectual property, a lender must not only document the interest in sufficient detail but ... Read More

https://starfieldsmith.com/wp-content/uploads/2024/10/9a141a96-d17f-4a77-88e5-906d66d72e57.mp3 Urgent care centers are on the rise in the U.S. due to high costs of emergency room visits, long wait times for primary care doctors, and growing consumer preference for quick medical service. For SBA Lenders, this rising industry presents an opportunity for Lenders to assist Borrowers with the startup or acquisition of urgent ... Read More

https://starfieldsmith.com/wp-content/uploads/2024/10/87b78905-57ad-4804-89b0-7292e2cdb76e.mp3 An SBA loan may be used to finance the start-up, purchase, or refinance of Federal Express (Fed Ex) delivery routes.  This type of transaction is unique and nuanced, and it is important for SBA lenders to understand certain key points when providing financing for this type of business.  This article is intended to highlight ... Read More

https://starfieldsmith.com/wp-content/uploads/2024/10/f2372334-e86e-4a97-8ba2-5525b35f9815.mp3 Franchise lending continues to be a hot topic amongst SBA lenders, as they set new policies and procedures for determining eligibility of franchise concepts and documenting their loan files.  There are a multitude of resources to assist lenders in assessing eligibility, and I offered some practical tips in my prior article published earlier this ... Read More

https://starfieldsmith.com/wp-content/uploads/2024/09/00c606bd-3393-4df7-aa7f-b3aab2724de4.mp3 The Equal Credit Opportunity Act (ECOA), implemented by the Regulation B as documented in 12 CFR Part 1002, underscores the congressional determination that consumers and businesses should receive a notice of the reasons why the lender has rejected borrower’s application for an extension of credit following an adverse action. An adverse action is defined ... Read More

https://starfieldsmith.com/wp-content/uploads/2024/09/d412c26e-e25c-429e-b4e1-f74b20cfb404.mp3 Following a default, lenders must perform a timely site visit in order to inspect collateral, determine its recoverable value and develop a liquidation strategy. SBA requires the site visit to be completed within 60 days of a payment default or 15 days of a non-payment default event. Prior to the site visit, lenders should ... Read More