SBA lenders are often overwhelmed by the myriad rules, regulations and guidelines associated with SBA lending. However, by focusing on a handful of core concepts, Lenders can develop the tools…
On February 15, 2019, SBA issued SOP 50 10(5)(K) (“New SOP”) which will take effect on April 1, 2019. This article touches upon a few of the more substantive changes in the…
Loan proceeds under the Small Business Administration’s (“SBA”) 7(a) loan program are often used to finance a complete change of ownership transaction, which can be in the form of a…
Buried in the terms of a lender’s loan documents there are several provisions that are usually titled “jurisdiction, venue and/or choice of law.” It is important for lenders to review…
When underwriting an SBA loan, a Lender has many different issues to consider. The Lender must look to the Borrower and decide whether or not lending money to the Borrower…
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…