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…

SBA lenders are seeing more requests to finance online retail businesses which sell products either directly to consumers or through major online retail platforms, such as Amazon or Walmart. Much…

An underlying premise of the Small Business Administration (“SBA”) 7(a) loan program is to provide financing opportunities for small businesses that demonstrate repayment ability but lack adequate collateral. Overall, lenders…