The Equal Credit Opportunity Act (ECOA), implemented by the Regulation B as documented in 12 CFR Part 1002, underscores the congressional determination that consumers and businesses should receive…
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…
A tenant improvement allowance may be negotiated between the borrower and the landlord where the landlord agrees to provide funds towards the leasehold improvements. These allowances benefit the…
The 504 loan program is used to finance fixed assets for eligible small businesses, primarily costs related to the acquisition and/or improvement of real estate or other long-term…
An updated SBA Form 1086 - Secondary Participation Guaranty Agreement, which is used to sell the guaranteed portion of an SBA 7(a) loan in the secondary market, was…
“Experience is what you get when you didn't get what you wanted.” Randy Pausch, The Last Lecture Since August 1, 2023, SBA lenders have been instructed by the…