In the context of SBA lending, properly perfecting security interests in required collateral is one of the most important steps in closing an SBA loan.  For personal property…

What’s old is new again.  Effective June 1, 2025, SOP 50 10 8 (“SOP”) brings back the SBA Franchise Directory (“Directory”) in a welcome blast from the past…

The new year ushered in a new presidential administration and with it a renewed focus on SBA’s lending programs and portfolio performance.  While it remains unclear what potential…

Franchise lending continues to be a hot topic amongst SBA lenders, as they set new policies and procedures for determining eligibility of franchise concepts and documenting their loan…

SBA has dramatically changed the way lenders process franchise loans under the SOP 50 10 7.1 (“SOP”).  Lenders no longer need to review franchise documentation for affiliation in…

After loan disbursement, SBA lenders are often asked by borrowers to subordinate the position of a lien securing an SBA loan.  Lenders must consider these subordination requests in…