As a follow-up to my article Best Practices: The Survey Exception, where I discussed deletion of the standard survey exception from an ALTA loan policy, this article is intended as a…
Typically, any small business applicant seeking SBA financing must be an active operating company. One exception to this general rule pertains to Eligible Passive Companies. The Eligible Passive Company (EPC)…
As we begin the new year, here are some items of interest that lenders should keep an eye out for in 2019: First, it is important to make sure that…
The Small Business Administration (“SBA”) created the Development Company Loan Program (504 Loan Program) to foster economic development and create or retain job opportunities by providing long-term financing for small…
A large number of business owners who seek financing under the SBA 7(a) Loan Program operate from leased locations, be it stand-alone buildings, shopping centers or commercial office parks. In…
Most state statutes require that any lender who receives full payment of all sums due on a mortgage must satisfy said mortgage following a formal request from the borrower. Recently,…