Among a handful of changes recently announced by the SBA to the 504 Debt Refinancing Program is one allowing a Borrower’s debt to be refinanced despite a recent change of…

Generally, the purchaser of a business is not liable for a seller’s unpaid taxes unless the purchaser agrees to assume them. However, most states have adopted laws that create a…

The Small Business Administration (“SBA”) has released SOP 50 10 5(I), which will take effect on January 1, 2017.  One of the biggest changes in the new SOP relates to…

New federal bankruptcy forms become effective today regarding proofs of claim.  These new forms provide templates for the notice required once an objection to a proof of claim is filed. …

Whether processing your SBA loan through general processing (“GP”) or through the Preferred Lenders Program (“PLP”), a lender must avoid establishing a preference.  See 13 CFR §§120.411.  This means that…

At the August 2016 America East Conference for SBA Lenders, a general session was devoted to “Fraud Trends, Risk Factors and Tips on How to Avoid Becoming a Victim.”  Part…