An important and beneficial aspect of the SBA 7(a) Loan program is the lender’s ability to sell the guaranteed portion of an SBA Loan. There is an active…
When financing the purchase or construction of commercial real estate, SBA Lenders should confirm that the subject property’s zoning classification allows for the Borrower’s proposed use of the…
With the large volume of recorded lien (and associated) documents required to secure SBA loans, it is not uncommon for an instrument recorded in the public records to…
The new year ushered in a new presidential administration and with it a renewed focus on SBA’s lending programs and portfolio performance. While it remains unclear what potential…
While most participating SBA lenders are familiar with loan structures involving a traditional limited liability company (“LLC”), fewer understand the variation called a Series LLC. Series LLCs offer…
The Small Business Administration (SBA) announced updates to the Universal Purchase Package (UPP) effective December 10, 2024, revising the version initially introduced in August 2023. These updates aim…