When a lender has a SBA loan that has gone into default the lender must take steps to liquidate the collateral securing the loan. Sometimes borrowers are cooperative and most…
In today’s technological world many small businesses seek to protect their intangible creations, often referred to as intellectual property, by obtaining registered copyrights, trademarks and patents on these items. As…
On last Tuesday’s SBA 7(a) connect call, SBA’s Office of Credit Risk Management updated the 7(a) lending community regarding several new areas of inquiry that it is focusing on in…
On July 1, 2019 the Taxpayer First Act was signed into law. According to the IRS website, “the legislation aims to expand and strengthen taxpayer rights and to reform the…
On November 12, 2019, the SBA’s Office of the Inspector General (OIG) published a report on its Audit of SBA’s Oversight of High-Risk Lenders (Report). While the Report is directed…