According to Chapter 5, Section V of SOP 50 10 5(H), when substantial loan proceeds from a U.S. Small Business Administration guaranteed loan are to be used for leasehold improvements…
One of the most important conditions in underwriting, documenting and properly closing an SBA loan is making sure that the use of loan proceeds complies with, and is subsequently disbursed,…
The last few days before a closing can be a hectic time. Each party has its own responsibilities and everyone must make sure that there is an agreement as to…
If there is one constant in the world of SBA lending, it is change. SBA rules and regulations are constantly transforming with new interpretations of existing rules and updated regulations…
On October 21, 2015, Starfield & Smith published an article on title insurance coverage. Attorney Jessica Conn correctly described title insurance as covering only actual losses sustained by lenders. As…