For many lenders, collateral perfection remains one of the most critical — yet often misunderstood — aspects of SBA compliance. Among the collateral types that present unique challenges are…

In recent weeks, my colleagues have been examining various components and modifications introduced by the newly enacted Standard Operating Procedure 50 10 8 (“SOP”). As we continue to…

While most participating SBA lenders are familiar with loan structures involving a traditional limited liability company (“LLC”), fewer understand the variation called a Series LLC. Series LLCs offer…

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…

The general rule is that a purchaser of a business is not liable for seller’s legal obligations unless those obligations are expressly assumed by the purchaser in the…

Although there is no extensive discussion in the SBA’s Standard Operating Procedure 50 10 7.1 (SOP) regarding borrower’s compliance with business license requirements, the SOP does make it…