In an effort promote stronger businesses and agricultural economies in rural America, the Administration recently introduced a series of new initiatives. In April, the U.S. Department of Agriculture (USDA) and…

A series of recent SBA financed real estate transactions handled by our firm highlighted the importance of identifying title issues early in the closing process.  It is imperative lenders examine…

Recently, we have been asked if equity injection from an applicant’s corporate affiliate can come in the form of a gift. The short answer is no. In addition to income…

Newly promulgated regulatory changes to the Eligible Passive Rule (“EPC/OC Rule”) took effect on September 20, 2017. Among them was a rather simple and welcomed change, allowing the use of…

Generally, SBA loans are made to operating businesses. An exception are loans made to Eligible Passive Companies (“EPCs”), those that use loan proceeds to acquire, and/or improve or renovate real…

Following an extensive review and consideration of public comments, the SBA stands poised to put into effect regulatory changes to the Eligible Passive Rule (“EPC/OC Rule”). Set to become effective…