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About Corrie Thrasher

Best Practices: Due Diligence in 7(a) Loans secured by Commercial Real Estate: Surveys

Borrowers undertaking a U.S. Small Business Administration (“SBA”) 7(a) loan often ask lenders whether a new survey will be required to close. This is a complex question and often, the…
  • February 8, 2023
  • Corrie Thrasher

Best Practices: SBA Announces 7(a) Program Fees for Fiscal Year 2023

Effective August 31, 2022, SBA published Information Notice 5000-836123, concerning 7(a) Fees Effective October 1, 2022 for Fiscal Year 2023. This article will address items that have changed, specifically with regard…
  • September 21, 2022
  • Corrie Thrasher

Best Practices: SBA 7(a) Loans – When to Require Lien Searches on Sellers – Part 2

This article is the second part in a series of articles on lien searches on sellers. For background, please see Part 1 in this series, Best Practices: SBA 7(a) Loans…
  • May 25, 2022
  • Corrie Thrasher

Best Practices: SBA 7(a) Loans – When to Require Lien Searches on Sellers

Prudent SBA 7(a) lenders typically perform lien / UCC / judgment searches on sellers when there is a commercial real estate acquisition or a change in the ownership of a…
  • February 2, 2022
  • Corrie Thrasher

Best Practices: When to require a Borrower Opinion of Counsel in a 7a loan

Legal opinion letters are an integral part of business and commercial transactions and financing. In fact, on large dollar 7(a) loans or complex change of ownership transactions, Lenders often require…
  • October 13, 2021
  • Corrie Thrasher

Best Practices: Purchase Money Security Interests: Considerations for specific assets purchased with SBA loan proceeds

Generally, an SBA lender will need to secure its loan with a perfected security interest in specific equipment purchased, or to be purchased, with loan proceeds.  Lenders must take special…
  • June 30, 2021
  • Corrie Thrasher
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