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About Jennifer E. Borra

Best Practices: SBA issues formal guidance on Change of Ownership Transactions involving PPP Loans but questions remain

Over the past several months, with no formal guidance in place, SBA lenders have been operating on an ad hoc basis when financing change of ownership transactions where a PPP…
  • October 14, 2020
  • Jennifer E. Borra

Best Practices: Overview of the Main Street Lending Program

While most small business borrowers impacted by the COVID-19 pandemic have been solely focused on financial assistance from lenders participating in the Paycheck Protection Program, established under the Coronavirus Aid,…
  • July 8, 2020
  • Jennifer E. Borra

Best Practices: Paycheck Protection Program

On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), providing small businesses and individual entrepreneurs with various forms of government…
  • April 1, 2020
  • Jennifer E. Borra

Best Practices: SBA Seeking Comments to its Export Loan Programs

On September 17, 2019, SBA provided an advance notice of proposed rulemaking (“ANPRM”) seeking the public’s comments to changes to the regulations governing SBA’s Export Loan Programs in an ongoing…
  • November 6, 2019
  • Jennifer E. Borra

Best Practices: Preparing UCC-1 Financing Statements

In the context of SBA lending, properly perfecting security interests in required collateral is one of the most important steps in closing a SBA loan.  For personal property collateral, lenders…
  • July 24, 2019
  • Jennifer E. Borra

Best Practices: Leasing Restrictions under the new SOP 50 10 5(K)

Effective April 1, 2019, SBA’s SOP 50 10 5(K) contains provisions restricting SBA borrowers from leasing real estate acquired with SBA loan proceeds to any business that a borrower knows…
  • March 20, 2019
  • Jennifer E. Borra
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