Many small businesses that seek financing under the SBA 7(a) Loan Program operate from buildings that are leased from a third-party landlord, which can take the form of stand-alone buildings,…
Until recently, Chapter 11 bankruptcy cases for small business debtors were lengthy and cost prohibitive. Congress aimed to change that through the passing of the Small Business Reorganization Act (the…
In the SOP 50 10 5(K), the U.S. Small Business Administration (“SBA”) sets forth specific rules on refinancing same institution debt. If a lender is seeking to refinance its own…
When a Buyer is considering acquiring a new business, both the Purchaser and Lender should consider whether the Seller or any of its key employees could pose a threat to…
Financing a business acquisition is an eligible use of SBA loan proceeds, provided, that certain conditions are met. SOP 5010(5)(K) states that a business acquisition must result in a 100%…
A Notice of Commencement recorded prior to your mortgage can wreak havoc on your construction loan. In Florida, before any work can begin to improve real property, a Notice of…