When liquidating business assets, lenders must be sure to follow the guidance outlined in Article 9 of the Uniform Commercial Code ("UCC"). This article provides a refresher on UCC sales…
One of the most drastic (and possibly most appreciated) changes to the SOP 50 10 7.1 was the addition of the ability to finance partial changes of ownership.…
On December 6, 2024, the SBA issued Procedural Notice 5000-862692, clarifying that its 7(a) and 504 loan programs can be used in conjunction with Commercial Property Assessed Clean…
December is not only one of the most magical times of the year, but also typically one of the busiest times for commercial lenders. With the demands of…
A current hot topic in SBA lending has been whether Merchant Cash Advance (“MCA”) debt is eligible for refinancing under SBA’s 7(a) guidelines. The growing demand to refinance…
On November 5, 2024, the U.S. Small Business Administration (the “SBA”) Office of Financial Program Operations released an updated Servicing and Liquidation Actions 7(a) Lender Matrix (the “Matrix”). …