making banks look good to borrowers

Commercial lenders turn to Lerch Early to help structure, negotiate, document, and close asset-based loans, including complex asset-based lending transactions that involve one or more lenders in single or multiple jurisdictions.  They rely on us to ensure that all commercial and asset-based lending conforms to the Uniform Commercial Code and other applicable state and federal laws.

Asset-based loans come in all sizes, and can be secured by various types of collateral—both conventional and unconventional. Lerch Early attorneys have  wide-ranging experience and capabilities in many types of asset-based financing, including floor plan financing, term loans, working capital loan,s and lines of credit secured by accounts receivable, inventory, intellectual property, vehicles, equipment, and other types of collateral.

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