When a lender has a SBA loan that has gone into default the lender must take steps to liquidate the collateral securing the loan. Sometimes borrowers are cooperative and most…
Until recently, Chapter 11 bankruptcy cases for small business debtors were lengthy and cost prohibitive. Congress aimed to change that through the passing of the Small Business Reorganization Act (the…
Not all loan defaults result in contentious interactions between the lender and the obligors on a commercial loan. In some situations, obligors are motivated to work with the lender to…
Buried in the terms of a lender’s loan documents there are several provisions that are usually titled “jurisdiction, venue and/or choice of law.” It is important for lenders to review…
Once a loan has closed, it moves into the lender’s portfolio to be serviced in accordance with that lender’s policies. That servicing continues until the loan is paid in full…
There may come a time when a SBA Lender must face a liquidation scenario with an a Borrower. When faced with liquidating assets of a SBA 7(a) Loan, the Lender…