As we move through the second round of Paycheck Protection Program (“PPP”) approvals and disbursements, recent developments remind lenders and borrowers that forgiveness may not be guaranteed, and lenders have…
In today’s technological world many small businesses seek to protect their intangible creations, often referred to as intellectual property, by obtaining registered copyrights, trademarks and patents on these items. As…
Many small businesses that seek financing under the SBA 7(a) Loan Program operate from buildings that are leased from a third-party landlord, which can take the form of stand-alone buildings,…
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…