Buying a business is an exciting time and allows the new business owner to look forward to all of the great things that they hope to accomplish. In most cases,…
On October 5, 2022, the SBA released Procedural Notice 5000-835955 (Extension and Revision of SBA Guidance on Guaranty Purchases and Lender Servicing Responsibilities for PPP Loans) or the “Notice.” The…
Over the last couple of years, the COVID-19 pandemic and the current economic crisis have caused many small business owners to turn to SBA’s Economic Injury Disaster Loan (EIDL) program…
The SBA recently responded and provided guidance on its Paycheck Protection Program Platform site to several of the frequently asked questions that Lenders have related to SBA PPP loans. While…
Weather disasters and flooding can significantly impact a small business’s viability. When businesses financed with SBA loans suffer damages from flooding, losses can extend to the lenders that advanced the…
When a Buyer is considering acquiring a new business, both the Purchaser and Lender should consider whether the Seller or any of its key employees could pose a threat to…