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…
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…
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…
Typically, any small business applicant seeking SBA financing must be an active operating company. One exception to this general rule pertains to Eligible Passive Companies. The Eligible Passive Company (EPC)…
In my December 13, 2017 article, I provided an overview of the franchise review process under the SOP 50 10 5(J). See https://starfieldsmith.com/article/best-practices-franchise-reviews-under-sop-50-10-5j/. For SBA loan applicants operating under traditional…
Lenders participating in the U.S. Small Business Administration lending programs often encounter borrowers who are unrepresented by legal counsel for the loan transaction. As a result, borrowers try to rely…