One way for borrowers to have a more pleasant loan closing experience and for the lender to see its customer achieve long-term business success is when a borrower chooses to…
A vessel is defined by Merriam Webster as “a watercraft bigger than a rowboat.” There are many small businesses whose main assets consist of vessels, such as local fishermen,…
A condominium is a building or complex of buildings containing a number of individually owned apartments, houses, or buildings, where each owner has full title to its individual apartment, house…
Due to changes to the PPP loan program contained in the Economic Aid Act, the SBA released SBA Procedural Notice 5000-20091 on February 8, 2021, which updates the SBA Procedural…
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), was signed into law, and the Paycheck Protection Program (“PPP”) was included as part of that…
With no end in sight to the COVID-19 pandemic, SBA lenders would be wise to address the rapidly rising number of small business loan failures. While the SBA has been…