Yesterday the U.S. Small Business Administration (“SBA”) released Standard Operating Procedure 50 10 7.1 (the “SOP”). The SOP was issued in lieu of the announced but unissued Technical…
“If you keep your eye on the profit, you're going to skimp on the product. But if you focus on making really great products, then the profits will…
This famous line from Shakespeare’s Merchant of Venice seems an odd way to begin an article on SBA lending. Nevertheless, SBA released the long-awaited SOP 50 10 7 (“SOP”) on…
This week SBA has published two new final rules that are scheduled to take effect in Mid-May, 2023. The final rule “Affiliation and Lending Criteria for the SBA Business Loan…
In the American criminal justice system, defendants are afforded a presumption of innocence which is derived from the fifth and fourteenth amendments to the Constitution. This standard, which has been…
SBA Standard Operating Procedure 50 57 (2) requires SBA lenders to complete liquidation of their 7(a) loans in a “prompt, cost effective and commercially reasonable manner.” This concept, defined by…