The importance of a landlord waiver in a liquidation situation cannot be understated. Often, a landlord waiver agreement is viewed as just another document to collect in order to close…
Prudent SBA lenders should be familiar with estoppel certificates and the circumstances when an estoppel certificate may be required or used to obtain factual information it can rely on prior…
During the current economic climate, many SBA borrowers have chosen to structure their business acquisition deals as an asset purchase rather than a stock purchase. The primary motive cited by…
Prudent SBA 7(a) lenders typically perform lien / UCC / judgment searches on sellers when there is a commercial real estate acquisition or a change in the ownership of a…
While most small business borrowers impacted by the COVID-19 pandemic have been solely focused on financial assistance from lenders participating in the Paycheck Protection Program, established under the Coronavirus Aid,…
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), was signed into law, and the Paycheck Protection Program (“PPP”) was included as part of that…