making banks look good to borrowers

Lerch Early attorneys have assisted banks and credit unions across the country to close thousands of SBA loans, including SBA 7(a), SBAExpress, CAPLine, international trade, and SBA 504 loans.

Loans guaranteed by the U.S. Small Business Administration present unique challenges to lenders in underwriting, closing, servicing and collection procedures.  Our lender clients are required to comply with a complex web of ever-changing laws, rules, and regulations.  Federal regulators have become increasingly stringent in oversight of these loans.  We help our clients navigate issues including compliance with the SBA Standard Operating Procedure (SOP), the SBA guaranty purchase center,  SBA Office of Inspector General Investigations,  and preparing for and responding to SBA audit requests and enforcement actions.

Success Stories

SBA Interim Loan

Challenge

Our bank client needed to quickly close on an acquisition loan arising out of a bankruptcy sale, but SBA approval for the loan did not reach the bank before the deadline for the sale.

Strategy

Lerch Early assisted in structuring and documenting an interim loan in a couple of days to ensure the borrower did not lose its opportunity to purchase the property. Once the SBA approval was received and conditions for the SBA funding were met, we documented the SBA loan to take out the interim bank financing.

Result

The client was able to provide its borrower with the opportunities arising out of the bankruptcy sale while protecting its own interest.

Insights