Per SBA Information Notice 5000-866746 effective April 21, 2025, SBA set forth the process for reinstituting the SBA Franchise Directory (“Directory”) and the steps franchisors must take to…
Referral Agents can be a valuable resource for Lenders looking to identify qualified small business applicants for SBA financing (each an “Applicant”). However, the rules governing a Referral…
Trusts are a regular feature in SBA loan structures, particularly where ownership, real estate, or estate planning considerations intersect. For lenders, that means trust documentation should never be…
No matter where you drive today, you are likely to see a cell tower rising above the landscape, sometimes disguised to resemble the surrounding trees. Cell towers have…
Adhering to the prudent lender guidelines, SBA lenders frequently obtain business valuations and real estate appraisals during loan origination, servicing, workout, and liquidation activities. While these reports are…
One of the benchmarks of the SBA loan program is that SBA loans are made to operating small businesses and not passive entities. If a small business enters…