What exactly is the “cost of litigation,” and what impact will litigation have on a borrower’s ability to meet its loan repayment obligations? There are the “out-of-pocket” costs of litigation…
Since the rollout of the PPP loan program in March 2020, the first question on the PPP Application asks: “Is the Applicant or any owner of the Applicant presently suspended,…
Arguably one of the hardest hit industries in the United States during the COVID-19 pandemic has been the restaurant industry. Restaurants, bars, caterers, and even food trucks and food stands…
To be certain, Florida documentary stamp tax is a vast and complicated topic worthy of a book. In this article, however, I would like to direct your attention specifically to…
SBA’s Office of Inspector General (SBA-OIG) advises that financial institutions (FI) continue to serve an important role in uncovering and identifying thousands of fraudulent PPP (Paycheck Protection Program) loans and…
The SBA recently announced changes to the submission procedure for SBA Form 159 Fee Disclosure Form and Compensation Agreement (“Form 159”). Lenders are required to submit Form 159 when a…