Using the EB5 program, USEDLC has financed approximately $22.5 million in 1st TD transactions, which includes a recently closed $6 million 1st TD transaction to finance the acquisition of a multi-use ...
Read More →The NHL Lockout goes far beyond taking away salaries from players, ticket sales from owners, and games from the fans. It cripples restaurants, parking attendants, local small businesses and more. SBA ...
Read More →Senate Bill 509, or the Small Business Lending Enhancement Act, has been making headlines this week. Credit Unions tout it as a stimulus for the economy; commercial lenders and analysts disagree. Sena...
Read More →One of the takeaways from last week’s Fifth Annual SBA Secondary Market Conference was this interesting SBA stat page. A lot of cool information starting with the fact that SBA 7(a) guaranty p...
Read More →The Bank of Ireland has recently announced plans for a government small business lending fund. But this article questions whether this will be good for small business lending or become a rival for the...
Read More →Between 2005 and 2011, two loan brokers’ fraud scheme to mask equity injection cost the SBA some $13 million. This week’s Mugshot Monday story focuses on Joo Hyuk Lee and San Hyn Kim, SBA loan...
Read More →Borrowers blame banks for not lending; bankers blame borrowers for not seeking financing. A new survey shows evidence to support the latter. As Main Street lending has stalled, the chicken-or-the-egg ...
Read More →Every SBA lender knows that it must act prudently when servicing its loans, especially when it comes to caring for and protecting loan collateral. Therefore, an SBA lender who receives notice that a b...
Read More →As always, the SBA Loan Authorization will tell you what to do if things go south. When a loan defaults, the lender’s first step should be to review the Loan Authorization to determine if it has com...
Read More →How psychometrics are helping loan officers weed out the bad risks from the good. Since the beginning of banking, lenders have toed the line on “creditworthy” businesses to lend to. There is inher...
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