In SBA Procedural Notice 5000-812316 effective July 15, 2021 (“Notice”), the Small Business Administration (“SBA”) sets forth a lender’s responsibilities for servicing and resolving unforgiven Paycheck Protection Program (“PPP”) loans,…
When documenting a commercial loan for financing the acquisition of real estate or when there is real estate as collateral for your commercial loan, you will likely require a loan…
Although funding equity injection through a borrower’s affiliated entity is not an uncommon practice, lenders must exercise care in these circumstances. On many occasions, such transfers of funds from the…
SBA loans are often used to finance restaurants, liquor stores or other retail establishments that sell, and in some cases, serve, alcoholic beverages to their customers. As SBA lenders structure…
Generally, an SBA lender will need to secure its loan with a perfected security interest in specific equipment purchased, or to be purchased, with loan proceeds. Lenders must take special…
Most, if not all, commercial real estate developments contain covenants, conditions, and restrictions (commonly called "CC&Rs") used to regulate the use, appearance, and maintenance of commercial real property. These CC&Rs…