The long awaited 504 Debt Refinancing Program launched on June 24, 2016, after expiration of the comment period for the interim final rule published in the Federal Register on May…
It’s bad enough having to be subjected to the seemingly ridiculous discovery obligations when your company is involved in a lawsuit, but having to provide documents and/or testimony in lawsuits…
It has been decided that informal communications, such a instant message (“IM”), can modify a signed contract. A Florida Court, applying Delaware law, held that an IM effectively amended a…
The SBA Export Express Program provides for a maximum loan or line of credit amount of $500,000.00 with a 90% guaranty for loans of $350,000 or less and 75% guaranty…
The Small Business Administration (the “SBA”) generally expects lenders to obtain a policy of title insurance for primary collateral real property where SBA loan proceeds are being used to purchase…
As stated in the SBA Standard Operating Procedures (SOP), if the purchase price of a business includes intangible assets in excess of $500,000, the borrower (or seller, in the form…