Now that the first wave of Paycheck Protection Program (“PPP”) loans have been approved and are being funded, Lenders’ and Borrowers’ attention have turned to Section 1106 of the CARES…

On July 1, 2019 the Taxpayer First Act was signed into law.  According to the IRS website, “the legislation aims to expand and strengthen taxpayer rights and to reform the…

After a loan is closed and disbursed, a Borrower may make a request or circumstances may arise which require a modification to the loan.  For any commercial loan, a servicing…

SBA lenders are seeing more requests to finance online retail businesses which sell products either directly to consumers or through major online retail platforms, such as Amazon or Walmart. Much…

On February 15, 2019, SBA issued SOP 50 10(5)(K) (“New SOP”) which will take effect on April 1, 2019. This article touches upon a few of the more substantive changes in the…

UPDATE:  This article has been revised to reflect clarification provided by SBA on determining whether a minimum equity injection is required for a partner buyout. On April 3, 2018 SBA…