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…
SBA 7(a) loan proceeds may be used for a change of ownership. In many business acquisitions, the buyer purchases all of the seller’s assets. However, that is not always the…
An employee stock ownership plan (“ESOP”) is a type of employee benefit plan in which company stock is acquired by, and held in accounts for, the employees of the company. …
When documenting a commercial loan for financing the acquisition of real estate or when there is real estate as collateral for your commercial loan, you will likely require a loan…
The SBA recently announced changes to the submission procedure for SBA Form 159 Fee Disclosure Form and Compensation Agreement (“Form 159”). Lenders are required to submit Form 159 when a…