In this, our third article on SBA Procedural Notice No. 5000-812316 (the “Procedural Notice”), we turn our attention to potential litigation scenarios involving PPP loans and the choices a lender…

Since the rollout of the PPP loan program in March 2020, the first question on the PPP Application asks: “Is the Applicant or any owner of the Applicant presently suspended,…

Now that SBA has established regulations and guidance for PPP, and lenders have moved into the PPP loan forgiveness process, they are identifying some PPP compliance issues that may have…

Lenders face uncharted territory when servicing and liquidating (“S&L”) Paycheck Protection Program (“PPP”) loans.  This article explains the unique challenges lenders face with these unsecured facilities, and offers suggestions until…

The ongoing pandemic has created unprecedented challenges for SBA lenders who are confronting a stressed 7(a) loan portfolio.  In many states, we have seen court systems essentially shut down, halting…

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…