Effective April 1, 2019, SBA’s SOP 50 10 5(K) contains provisions restricting SBA borrowers from leasing real estate acquired with SBA loan proceeds to any business that a borrower knows…
SOP 50 10 5(K) will take effect on April 1, 2019. This article touches upon a few of the changes to the 504 Loan Program contained in Subpart C of…
As part of its overall goal of increased oversight and enhanced performance of its portfolio, the SBA has tweaked its flagship 7(a) lending program. In an effort to encourage borrowers…
SBA lenders are often overwhelmed by the myriad rules, regulations and guidelines associated with SBA lending. However, by focusing on a handful of core concepts, Lenders can develop the tools…
On February 15, 2019, SBA issued SOP 50 10(5)(K) (“New SOP”) which will take effect on April 1, 2019. This article touches upon a few of the more substantive changes in the…
Loan proceeds under the Small Business Administration’s (“SBA”) 7(a) loan program are often used to finance a complete change of ownership transaction, which can be in the form of a…