Here are some recommendations to assist with your review of commercial real estate purchase agreements: – Check the purchase agreement to make sure that the buyer on the purchase agreement…
SBA guaranteed loan proceeds may be used to construct or renovate buildings. The SBA provides specific requirements for SBA guaranteed loans where the construction component of the loan is more…
The SBA limits what an eligible passive company (EPC) can do with SBA loan proceeds. An EPC must use loan proceeds to “acquire or lease, and/or improve or renovate real…
Whether you are closing a conventional loan or a SBA loan, you want to make sure that you obtain sufficient title insurance coverage when financing a construction project. First and…
Whether processing your SBA loan through general processing (“GP”) or through the Preferred Lenders Program (“PLP”), a lender must avoid establishing a preference. See 13 CFR §§120.411. This means that…
At a recent conference, I met several traditional lenders that expressed interest in SBA lending, but they did not know where to get started. A great place to start is…