An underlying premise of the Small Business Administration (“SBA”) 7(a) loan program is to provide financing opportunities for small businesses that demonstrate repayment ability but lack adequate collateral. Overall, lenders…
Loan proceeds under the Small Business Administration’s (“SBA”) 7(a) loan program are often used to finance a complete change of ownership transaction, which can be in the form of a…
The Small Business Administration (“SBA”) created the Development Company Loan Program (504 Loan Program) to foster economic development and create or retain job opportunities by providing long-term financing for small…
On August 14, 2018, the Small Business Administration (“SBA”) released the new 7a Authorization Wizard for lenders to download. While the new Authorization contains numerous changes and additions from the…
When a small business owner looks to sell his or her business, the asking price generally includes not only the financial value and market benefits of the business but also…
In response to concerns regarding the use of legal entities to disguise involvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes, The United States Department…