News & Analysis as of

Lenders Amended Rules

DarrowEverett LLP

New Rules Aim to Make SBA Loans More Accessible, Abundant, and Better

DarrowEverett LLP on

The United States Small Business Administration (“SBA”) oversees two loan programs that are intended to benefit small business owners and promote employment. The programs, known as the 7(a) Loan Program and Section 504 Loan...more

BakerHostetler

[Webinar] Paycheck Protection Program 2.0: What Borrowers Need to Know - February 22nd, 11:00 am - 12:30 pm EST

BakerHostetler on

The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act), enacted into law on December 27, 2020, provides additional, much-needed relief to businesses and families economically impacted by...more

Goodwin

Financial Services Weekly News: Banking Agencies Finalize CECL Policy Statement

Goodwin on

In This Issue. Federal banking agencies finalized an Interagency Policy Statement on Allowance for Credit Losses, which is intended to promote consistency in the interpretation and application of the current expected credit...more

Harris Beach PLLC

Loan Agreement Updates Needed for Delaware LLCs

Harris Beach PLLC on

Lenders should modify restrictive covenants related to mergers, reorganizations, acquisitions and similar transactions in new and amended loan documents due to amendments to the Delaware Limited Liability Company Act...more

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