Pursuant to the requirements of the Small Business 7(a) Lending Reform Act of 2018, Pub. L. 115-189 (“SBA Reform Act”) that amended the Small Business Act, 15 U.S.C. §651 et…
SOP 50 10 5(K) addresses eligibility issues surrounding Small Business Applicants that are engaged in international business operations who apply for government guaranteed loans under the 7(a) loan program and…
In the context of SBA lending, properly perfecting security interests in required collateral is one of the most important steps in closing a SBA loan. For personal property collateral, lenders…
On June 21, 2018 Congress passed the Small Business 7(a) Lending Oversight Reform Act of 2018 (the “Act”). The Act required the SBA to prepare and circulate regulations to implement…
Early last month, Florida's Governor signed into law Chapter 2019-71 creating a new section in Chapter 117 of the Florida Statutes entitled "Online Notarizations." The new law authorizes and provides…
Published in NAGGL News Flash on June 7, 2019. The goal of all SBA lenders is to have the SBA honor every loan guaranty. The keys to reaching that goal…