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…
The Standard Operating Procedures 50 10 5(I) (the “SOP”) requires lenders to perform an environmental investigation on all commercial property securing a Small Business Administration (“SBA”) 7a loan. Before a…
It turns out that your English teacher may have been right, after all: a misplaced comma can be a big deal. A Maine dairy company was reminded of the importance…
In construction law, retainage is the percentage of the completed work that is deliberately held back until a project is completed (or sometimes substantially completed) and not paid to the…