On May 23, 2020, the SBA released two Interim Final Rules (“IFRs”) on loan forgiveness and its loan review procedures in order to inform borrowers and lenders of the SBA’s…
It seems like every time we turn on the television, we see communities across the United States devastated by storms and resulting floods. These floods destroy homes and businesses alike.…
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…
Guaranties are typically required on SBA loans, and while it is generally clear who must provide a full unconditional guaranty, it is more of a grey area when it comes…
When underwriting an SBA loan, a Lender has many different issues to consider. The Lender must look to the Borrower and decide whether or not lending money to the Borrower…
The SBA recently issued version 14 of its revised servicing and liquidation matrix which became effective on May 1, 2018. There are a few changes that all lenders need to…