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Best Practices: Lender’s Obligation to Pay Florida Documentary Stamp Tax

To be certain, Florida documentary stamp tax is a vast and complicated topic worthy of a book.  In this article, however, I would like to direct your attention specifically to…
  • April 21, 2021
  • Kristen Dickey

Best Practices: Lender Due Diligence Crucial to Identification of Covid-19-Related Financial Crimes

SBA’s Office of Inspector General (SBA-OIG) advises that financial institutions (FI) continue to serve an important role in uncovering and identifying thousands of fraudulent PPP (Paycheck Protection Program) loans and…
  • April 14, 2021
  • Corrie Thrasher

Best Practices: SBA Form 159 Submission Changes

The SBA recently announced changes to the submission procedure for SBA Form 159 Fee Disclosure Form and Compensation Agreement (“Form 159”).  Lenders are required to submit Form 159 when a…
  • April 7, 2021
  • Michelle Sergent Kaas

Best Practices: The Importance of Certificates of Good Standing

Prior to the closing of an SBA loan, it is critical that lenders obtain appropriate documentation that the borrowing entity is in good standing. The best evidence to confirm active…
  • March 31, 2021
  • Demetri A. Braynin

Best Practices: Handling PPP Bankruptcies

As we near the first anniversary of the Paycheck Protection Program (“PPP”), it has become clear that this program was essential in helping millions of small businesses weather the storm…
  • March 24, 2021
  • Ethan W. Smith

Best Practices: The Importance of “Foreign Qualification”

A startup company may elect to file its preliminary corporate documents, such as the articles of organization (limited liability company) or incorporation (C-corporation), in a state other than the one…
  • March 17, 2021
  • Corrie Thrasher
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