Banks are repositories for vast amounts of financial information. This information may be useful to parties in lawsuits in which the bank is just an innocent bystander. Banks often receive…
SBA lenders know that having a complete and compliant closing file is key to preserving the SBA Guaranty. When a transaction deadline is looming, or in the case of an…
SBA lenders are receiving an unprecedented number of servicing requests on SBA construction loans due to lingering pandemic related and current economic difficulties. The COVID-19 pandemic has significantly impacted the…
Over the last couple of years, the COVID-19 pandemic and the current economic crisis have caused many small business owners to turn to SBA’s Economic Injury Disaster Loan (EIDL) program…
In order to improve collateral coverage, lenders are often required to take real estate collateral owned by guarantors to secure their SBA loans. These liens tend to be junior in…
Prudent lenders recognize that equity injection must be verified and sourced whenever injection is required on an SBA loan. It is often helpful to think of equity injection as new…