Over the last couple of years, the COVID-19 pandemic and the current economic crisis have caused many small business owners to turn to SBA’s Economic Injury Disaster Loan (EIDL) program…
In order to improve collateral coverage, lenders are often required to take real estate collateral owned by guarantors to secure their SBA loans. These liens tend to be junior in…
Prudent lenders recognize that equity injection must be verified and sourced whenever injection is required on an SBA loan. It is often helpful to think of equity injection as new…
Oftentimes, SBA loan proceeds are used to refinance business debt or finance the acquisition of business assets. Â When navigating these types of transactions, one of the most common pitfalls for…
This article is the second part in a series of articles on lien searches on sellers. For background, please see Part 1 in this series, Best Practices: SBA 7(a) Loans…
On April 29, 2022, the U.S. Small Business Administration announced important changes to the Community Advantage (CA) Pilot Program.  87 FR 25398.  The changes take effect on May 31, 2022. …