SBA lenders often include financial reporting provisions in their loan documentation, but may not realize the significance of this type of monitoring and the potential impact it can have on…
On March 3, 2022, through its PPP Lender Platform, SBA provided informal guidance to lenders on several issues, including whether lenders “should” consider offset as a remedy for borrowers who…
With year-end behind us, many of us are now able to find a moment of quiet following the hectic whirlwind that was 2021. The intensity of the past year was…
SBA requires landlord waivers whenever SBA loans are secured with business personal property which is located at a leased location in order to protect the SBA and maximize any recovery…
Now that the PPP loan program has closed to new PPP loan originations, lenders may shift their full attention back to the forgiveness process. It is important that lenders continue…
The Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act (the Economic Aid Act) contained provisions for SBA to cover up to six months of loan payments for…