A Small Business Administration guaranteed loan could be the key to success for your business. Many publicly traded companies began as small businesses who used S.B.A. Loans.
Most borrowers believe that the S.B.A. loan process is complete when the S.B.A. loan authorization is issued. However, the loan authorization is only the end of the beginning of the closing process.
What happens next?
You need an experienced commercial loan-closing attorney like Kathy Howes for what happens next. S.B.A. loans require several layers of protection for the lender. As such, there is an involved process of obtaining life insurance and producing related legal papers; title insurance and supporting documents; and myriad other legal documents and government filings.
Having proper representation by a well-versed attorney will cut through red tape, saving you, the borrower, valuable time and resources. In addition, you can avoid the fate that some businesses suffer when their loan does not close because the borrower and/or their attorney cannot comply with requirements.
Kathy Howes has expertise both as a banker and as a lawyer who has closed commercial loans both on behalf of private and institutional lenders, and on behalf of commercial borrowers. Contact Howes & Howes to learn how to make S.B.A. borrowing work for you.
