When an SBA loan involves real estate, construction, renovations, or tenant improvements, mechanics’ liens should be a key consideration for SBA lenders. Although mechanics’ liens are generally governed…

The updated SOP 50 10 8 (“SOP”) has replaced the long-standing “do what you do” flexibility with stricter underwriting expectations, making insurance a more critical component of the…

When SBA lenders evaluate title risk, the focus is often on liens, ownership, and access. However, restrictive covenants and deed restrictions — often buried deep in recorded documents…

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…