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…
Now that the PPP loan program has closed to new PPP loan originations, lenders may shift their full attention back to the forgiveness process. It is important that lenders continue…
Starfield & Smith is proud to announce that seven of its attorneys have been named to the 2021 Pennsylvania and Delaware Super Lawyers lists; Recognized as Super Lawyers: Ethan Smith (Banking) David Starfield…