Articles

https://starfieldsmith.com/wp-content/uploads/2024/11/speech_20241119200052065.mp3 Many SBA lenders have experienced foreclosure sales, either judicial or non-judicial, and the request to set your credit bid.  Since there are potential pitfalls during this process that can impact the SBA guaranty, lenders must be caution when determining their credit bid. The section on Credit Bids is located within Chapter 18 of SOP ... Read More

https://starfieldsmith.com/wp-content/uploads/2024/11/0590fefb-df7f-4408-873b-cbac9b975da5.mp3 Failure to perfect and maintain liens in the proper lien position against collateral is consistently one of the top reasons for repairs of the SBA Guaranty.  Therefore, an important part of a lender’s due diligence is ordering searches on borrowers, guarantors and sellers to make sure the collateral securing the loan is not encumbered ... Read More

https://starfieldsmith.com/wp-content/uploads/2024/11/9a7051cd-6ebc-4a11-b6f8-6af36b2ac785.mp3 A borrower located in the United States that is engaged in international business operations may qualify for an International Trade Loan.  An International Trade Loan can be used to improve the competitive position of a borrower that is a current exporter or to develop new export markets.  An SBA lender can make an International ... Read More

https://starfieldsmith.com/wp-content/uploads/2024/10/10791562-05fd-4394-9378-f3c0d4d62ead.mp3 On August 1, 2023, the SOP 50 57 3, 7(a) Loan Servicing and Liquidation became effective. SBA has published an update, SOP 50 57 3.1, which has been amended to clarify and update certain sections based upon questions and comments from lenders and other third parties. Along with the new SOP, SBA also released ... Read More

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