There are a number of occasions where a SBA lender may wish to lien a liquor license as part of its collateral. Not only may a liquor license be a…

While the vast majority of small businesses are eligible for loans through the U.S. Small Business Administration (“SBA”) 7a guaranteed loan program, a business may be ineligible because its activities…

When a lender requires an equity injection under the terms of the SBA loan the lender is extending, it is imperative that the lender ensures that it is properly documenting…

The SBA limits what an eligible passive company (EPC) can do with SBA loan proceeds. An EPC must use loan proceeds to “acquire or lease, and/or improve or renovate real…

The Small Business Administration’s (“SBA”) Standard Operating Procedures (“SOP”) require lenders collateralize 7(a) loans greater than $350,000 to the maximum extent possible up to the loan amount. See SOP 50…

One of the most important conditions in properly closing an SBA loan is making sure that the use of loan proceeds complies with the SBA Loan Authorization. It is the…