Commercial lending attorney Alison Rind spoke about “Workouts and Forbearance Agreements” at the NAGGL (National Association of Government Guaranteed Lenders) SBA Lending Technical Conference in Chicago.
She discussed reaching a practical resolution and getting a loan repaid when a borrower runs into financial difficulties while maintaining the SBA guaranty. Options may include negotiating modifications, forbearance agreements, negotiating with the borrower over remedial measures to ensure repayment of the troubled loan. Lenders were apprised of the necessary steps to take and documentation required to maintain the integrity of the loan and the guaranty by the SBA.
Alison Rind, chair of Lerch Early’s commercial lending practice, represents commercial lenders in loan transactions and other commercial matters, including participants in SBA and other government-guaranteed lending programs. For more about workouts and forbearance agreements, contact Alison at [email protected] or 301-657-0750.
Hyatt Regency Chicago
Name: Alison Rind
Title: Commercial Lending Attorney
Email: [email protected]