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Best Practices: Recent SBA Procedural Notices for SBA Lenders

Recently SBA has issued two procedural notices related to PPP and certain 7(a) loans approved under the CARES Act, as amended by Section 325 of the Economic Aid Act, and…
  • March 2, 2022
  • Kimberly A. Rayer

Best Practices: The Practical Implications of Landlord Waivers in Liquidation

The importance of a landlord waiver in a liquidation situation cannot be understated.  Often, a landlord waiver agreement is viewed as just another document to collect in order to close…
  • February 23, 2022
  • Lyndsay Rowland

Best Practices: Estoppel Certificates

Prudent SBA lenders should be familiar with estoppel certificates and the circumstances when an estoppel certificate may be required or used to obtain factual information it can rely on prior…
  • February 16, 2022
  • Kristen Dickey

Best Practices: What is a Tax Clearance Letter and Why do we need one?

During the current economic climate, many SBA borrowers have chosen to structure their business acquisition deals as an asset purchase rather than a stock purchase. The primary motive cited by…
  • February 9, 2022
  • Demetri A. Braynin

Best Practices: SBA 7(a) Loans – When to Require Lien Searches on Sellers

Prudent SBA 7(a) lenders typically perform lien / UCC / judgment searches on sellers when there is a commercial real estate acquisition or a change in the ownership of a…
  • February 2, 2022
  • Corrie Thrasher

Best Practices: OCRM Identifies Top Loan File Review Findings

On January 11, 2022, during the most recent SBA 7(a) Connect Quarterly Update, the Office of Credit Risk Management (OCRM) highlighted issues in all stages of the life of a…
  • January 26, 2022
  • Victor A. Diaz
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