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Best Practices: What is a Series LLC, Anyway?

While most participating SBA lenders are familiar with loan structures involving a traditional limited liability company (“LLC”), fewer understand the variation called a Series LLC. Series LLCs offer…
  • February 4, 2025
  • Demetri A. Braynin

Best Practices: SBA Announces Changes to Universal Purchase Packages Effective December 10, 2024

The Small Business Administration (SBA) announced updates to the Universal Purchase Package (UPP) effective December 10, 2024, revising the version initially introduced in August 2023. These updates aim…
  • January 28, 2025
  • Katherine D. Tohanczyn

Best Practices: Navigating the Liquidation of Business Assets

When liquidating business assets, lenders must be sure to follow the guidance outlined in Article 9 of the Uniform Commercial Code ("UCC"). This article provides a refresher on UCC sales…
  • January 21, 2025
  • Kia House

Best Practices: SOP Updates on Partial Changes of Ownership

One of the most drastic (and possibly most appreciated) changes to the SOP 50 10 7.1 was the addition of the ability to finance partial changes of ownership.…
  • January 14, 2025
  • Jessica L. Conn

Best Practices: New Rule Clarifying SBA Loan Participation with C-PACE Financing

On December 6, 2024, the SBA issued Procedural Notice 5000-862692, clarifying that its 7(a) and 504 loan programs can be used in conjunction with Commercial Property Assessed Clean…
  • January 7, 2025
  • Victor A. Diaz

Best Practices: A Quick Summary of Recent Updates to SBA Loan Programs

December is not only one of the most magical times of the year, but also typically one of the busiest times for commercial lenders. With the demands of…
  • December 17, 2024
  • Kimberly A. Rayer
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