A borrower located in the United States that is engaged in international business operations may qualify for an International Trade Loan. An International Trade Loan can be used…
SOP 50 10 7.1 provides several situations where SBA lenders can rely upon borrower certifications to determine loan eligibility and/or for loan approval purposes. Although this is a…
SOP 50 10 7.1 has modified requirements on ESOP lending and made it easier for lenders to provide financing to ESOPs and/or financing resulting in the ESOP purchasing…
With rising interest rates, many lenders are experiencing a rise in defaults and liquidations. Sometimes, liquidations result in the lender having to acquire title to real property or…
SOP 50 10 7 will apply to all SBA loan applications received by the SBA on or after August 1, 2023. SOP 50 10 7 sets forth real…
When financing a commercial condominium purchase, lenders should carefully review all condominium documents and title documents and obtain all necessary title endorsements and insurance. Pertinent condominium documents may include the…