As interest rates have risen, so has the possibility that borrowers will no longer be able to make regularly scheduled loan payments. In the 50 57 3 Loan…

Following a default, lenders must perform a timely site visit in order to inspect collateral, determine its recoverable value and develop a liquidation strategy. SBA requires the site…

With the U.S. Small Business Administration’s (“SBA”) release of SOP 50 10 7.1, Lenders should be pleased to see the return of some familiar provisions that were in…

Yesterday the U.S. Small Business Administration (“SBA”) released Standard Operating Procedure 50 10 7.1 (the “SOP”).  The SOP was issued in lieu of the announced but unissued Technical…

After an SBA loan has been disbursed, a Borrower may request a loan action which may require a lender to submit a servicing request to the SBA. Such…

SBA loans secured by junior liens on collateral are subject to the rights of senior lienholders in such collateral. SBA requires lenders to take prudent and commercially reasonable…