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Best Practices: Certifying Records Requested in a PPP Loan Investigation

Considering the billions of dollars in PPP loans that Lenders made without being able to employ its customary underwriting and due diligence procedures, it is not surprising that investigations are…
  • October 7, 2020
  • Norman E. Greenspan

Best Practices: Servicing and Liquidating PPP Loans

Lenders face uncharted territory when servicing and liquidating (“S&L”) Paycheck Protection Program (“PPP”) loans.  This article explains the unique challenges lenders face with these unsecured facilities, and offers suggestions until…
  • September 30, 2020
  • Lyndsay Rowland

Best Practices: Last Call for Section 1112 Closings

Lenders and borrowers only have a few days left to take advantage of the subsidy loan payments provided by Section 1112 of the Coronavirus Aid, Relief, and Economic Security Act…
  • September 23, 2020
  • Michelle Sergent Kaas

Best Practices: Non-Compete Agreements: When Does an SBA Lender Need One?

When a Buyer is considering acquiring a new business, both the Purchaser and Lender should consider whether the Seller or any of its key employees could pose a threat to…
  • September 16, 2020
  • Timothy D'Lauro

Best Practices: Change is Coming: A Brief Summary of the SOP 50 10 6

On August 28th the Small Business Administration (“SBA”) released the SOP 50 10 6, which seeks to modernize and streamline the SBA’s rules and policies for 7(a) and 504 loans.…
  • September 9, 2020
  • Katherine D. Tohanczyn

Best Practices: PPP Loan Program – Financing Business Acquisitions Lender Considerations Part 2 of 2

As discussed in last week’s article, many uncertainties exist when the owners of a business who received a Paycheck Protection Program (“PPP”) loan wish to transfer their business to a…
  • September 2, 2020
  • Corrie Thrasher
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