SBA’s guidance on real estate appraisals depends on the type, size and use of the SBA loan proceeds. This article focuses specifically on the basic commercial real estate…
When: April 23-25, 2024 Where: Grand Hyatt Nashville, Nashville, TN Registration Deadline: March 22, 2024 For more information about this event, click here.
After loan disbursement, SBA lenders are often asked by borrowers to subordinate the position of a lien securing an SBA loan. Lenders must consider these subordination requests in…
Although there is no extensive discussion in the SBA’s Standard Operating Procedure 50 10 7.1 (SOP) regarding borrower’s compliance with business license requirements, the SOP does make it…
What is the Beneficial Ownership Information (“BOI”) Reporting Rule? The Financial Crimes Enforcement Network (“FinCEN”) recently implemented significant changes in beneficial ownership reporting, for the purpose of combating…
Once a loan is purchased off the secondary market by SBA, lenders must proceed with liquidation before they can request a loan to be charged off. When liquidation…