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Best Practices: Changes to Lender Responsibilities in SOP 50 57 3.1

On August 1, 2023, the SOP 50 57 3, 7(a) Loan Servicing and Liquidation became effective. SBA has published an update, SOP 50 57 3.1, which has been…
  • October 29, 2024
  • Timothy D'Lauro

Best Practices: Securing Liens on Intellectual Property Collateral

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…
  • October 22, 2024
  • Katherine D. Tohanczyn

Best Practices: Considerations When Financing an Urgent Care

Urgent care centers are on the rise in the U.S. due to high costs of emergency room visits, long wait times for primary care doctors, and growing consumer…
  • October 15, 2024
  • Michael Zidansek

Best Practices: Considerations When Financing a Federal Express Delivery Route

An SBA loan may be used to finance the start-up, purchase, or refinance of Federal Express (Fed Ex) delivery routes.  This type of transaction is unique and nuanced,…
  • October 8, 2024
  • Kristen Dickey

Best Practices: Key Provisions in Franchise Agreements

Franchise lending continues to be a hot topic amongst SBA lenders, as they set new policies and procedures for determining eligibility of franchise concepts and documenting their loan…
  • October 1, 2024
  • Jennifer E. Borra

Best Practices: How to Comply with the Equal Credit Opportunity Act Notice Requirements

The Equal Credit Opportunity Act (ECOA), implemented by the Regulation B as documented in 12 CFR Part 1002, underscores the congressional determination that consumers and businesses should receive…
  • September 24, 2024
  • Demetri A. Braynin
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