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…
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…
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…
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.…
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…
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…