With the large volume of recorded lien (and associated) documents required to secure SBA loans, it is not uncommon for an instrument recorded in the public records to…

The new year ushered in a new presidential administration and with it a renewed focus on SBA’s lending programs and portfolio performance.  While it remains unclear what potential…

While most participating SBA lenders are familiar with loan structures involving a traditional limited liability company (“LLC”), fewer understand the variation called a Series LLC. Series LLCs offer…

The Small Business Administration (SBA) announced updates to the Universal Purchase Package (UPP) effective December 10, 2024, revising the version initially introduced in August 2023. These updates aim…

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.…