Banking & Finance

Banking and Finance Lawyers

The Frank Law Firm represents lenders that provide loans to small business owners who either cannot get financing through the conventional route or wish to obtain a competitive loan through the Small Business Administration (SBA). We offer legal services to SBA lenders – from obtaining approvals and handling insurance matters to getting third-party consent and clearing any bottlenecks during underwriting and closing, we can help you navigate each step of the process.

Our Banking Lawyer Services for SBA Lenders

Many forms of documentation are required when you provide loans to new and existing borrowers through the SBA. We can help you understand the regulatory framework for SBA lending and provide assistance in making sure you meet all of the conditions.

Our work area spans all services under start-up loans, business acquisition requirements, asset purchases, landlord issues, working-capital requirements, due diligence in construction businesses, franchiser approvals, and more.

You have to abide by the strict regulations governing SBA lending, and we help you follow all of the Standard Operating Procedures (SOPs). Getting a thorough idea of the SOPs from our experienced SBA lending attorneys will help you better manage your operations and provide loans with proper contracts or agreements in place.

At The Frank Law Firm, we understand what it means for small businesses to get loans from financial institutions without delays and are proud to help lenders provide them. We also provide legal help in cases when you have an SBA borrower that does not pay on time. Despite the strict regulations on SBA loans, defaulters exist. The Frank Law Firm team can help you save time against tedious collections with the help of our network of contacts and ensure a smooth process. You will be able to solve matters timely and cost-effectively with our dedicated legal team by your side.

Some of the key banking and finance law services a finance lawyer from The Frank Law Firm can offer to SBA lenders and other banking clients include:

  • Structuring the loan transaction and negotiating, including loan terms review.
  • Preparing the letter for a loan commitment.
  • Conducting due diligence and evaluation of related materials and documentation.
  • Drafting loan documentation and review.
  • Ensuring security interests in various forms of collateral.
  • Reviewing applicable laws, ordinances, codes and regulations related to zoning, land use, environment, and other issues; then providing considered legal opinions.
  • Carrying out public record searches and helping lenders with title insurance.
  • Closing the loan transaction and handling matters post-closing.
  • Ensuring compliance with the relevant SBA lending program requirements.

Comprehensive Legal Representation from Start to Finish

Our SBA lending team has the knowledge, experience, and resources to represent lenders who need help navigating the stringent conditions imposed by the SBA and other government agencies for approving, underwriting, and closing SBA loans. We can provide legal representation right from the planning stage when you are considering the appropriate small business lending avenues as well as the types of programs available to support small businesses.

We will help you identify the applicable program and connect you with governmental regulatory agencies and nonprofits that can guide both lenders and borrowers through the steps involved in the loan application and approval.

Two of the major SBA facilities include (a) SBA 7(a) guarantee program; and (b) SBA 504 loan program. The features and requirements of each of these programs are unique, which makes it vital to have proper knowledge of the SBA SOPs for closing transactions. Our SBA lending attorneys are highly proficient in this area and have represented banks and other financial institutions through these transactions many times to great success.

Once the SBA loan authorization has been issued, our legal team will start the closing process. In the case of SBA 7(a) loans, a detailed checklist will help provide a plan for loan document preparation, due diligence, third-party consents, insurance, and finally the loan closing.

In the case of SBA 504 loans, we will closely engage with the area Certified Development Corporations (CDCs) to ensure a smooth closing process. Our vast knowledge and deep understanding of the SBA 504 loan program enable us to anticipate potential hiccups ahead of time and resolve them quickly in order to ensure a seamless SBA transaction for the parties involved.

Our Value Proposition

Our services, including business law or corporate law, commercial lending, corporate finance, acquisition financing, construction loans, and commercial litigation, are backed by the following core values:

  • Great customer service: We value a strong attorney-client relationship and will give your legal concerns the attention they deserve. We assure fast response time to every legal inquiry while keeping you updated on all developments relating to your case as they unfold.
  • Attention to detail: You can put your complete trust in us to get the job done. We are meticulous about the details of all necessary paperwork, research, and documentation so a small mistake does not turn into a larger issue.
  • Approachable: All our leading lawyers are friendly, caring, and dedicated. Every team member respects all of our clients when resolving their concerns and meeting their legal needs to the best of our abilities.
  • We do more: We go above and beyond to ensure that our clients are thoroughly taken care of and get a satisfactory outcome. Your legal needs are our concern, and we put all our effort into helping you achieve your goals.
  • It’s all about you: We ensure you are not left out of the legal processes. We update you every step of the way so that you fully understand what is being done and the steps being taken. All our processes are easy to understand, user-friendly, and seamless for each of our clients.

We Are the SBA Lenders’ Law Firm of Choice 

At The Frank Law Firm, we have years of experience and a proven track record in assisting our SBA lender clients with all the requirements to ensure a smooth SBA loan closing process. Our robust legal representation and our high rate of client satisfaction have made us one of the most sought-after law firms for SBA lenders. Our team can handle things successfully when it comes to addressing the challenges related to the SBA loan program requirements.

Our hardworking and proven lawyers are committed to taking care of all your legal issues. We take each case for its merit and are determined to provide you with the best legal representation available. We spare no expense to ensure that all your legal concerns are expedited in a concise and error-free manner. Our team consists of the best lawyers and support staff members who are dependable, competent, and experienced in dealing with your banking and finance requirements as an SBA lender. Do not hesitate to give us a call at 516-246-5577, and we will take it from there.

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