The Office of the Inspector General (“OIG”) established the High Risk 7(a) Loan Review Program in 2014 to minimize losses on high dollar/early-defaulted U.S. Small Business Administration (“SBA”) guaranteed 7(a)…
The importance of documenting one’s credit elsewhere (“CE”) analysis cannot be overstated. Arguably, no other provision of the Small Business Act has come under closer scrutiny. This is understandable, given…
After a loan is closed and disbursed, a Borrower may make a request or circumstances may arise which require a modification to the loan. For any commercial loan, a servicing…
SBA lending, with its myriad rules, regulations and ever-changing guidelines, has always been a challenge for compliance-minded lenders. One of the most difficult SBA topics for lenders to deal with…
Many small businesses that seek financing under the SBA 7(a) Loan Program operate from buildings that are leased from a third-party landlord, which can take the form of stand-alone buildings,…
Until recently, Chapter 11 bankruptcy cases for small business debtors were lengthy and cost prohibitive. Congress aimed to change that through the passing of the Small Business Reorganization Act (the…