Category: Banking

By: Serge Filatov, Esq. Navigating the landscape of Small Business Administration (SBA) loans can be a crucial step for business owners seeking to launch, sustain, or expand their businesses. This guide aims to provide potential borrowers with an in-depth understanding of SBA loans, highlighting...

By: Serge Filatov, Esq. In light of the recent regional bank collapses, including most recently the collapse of First Republic Bank, ensuring financial security of funds held at a financial institution is crucial for businesses. Many businesses are wondering what options are available for...

By: Serge Filatov, Esq. Standby letters of credit are irrevocable agreements for the payment of money. They function like guarantees of obligations and are usually provided by a bank for the benefit of a beneficiary. Standby letters of credit are governed by Article 5...

By: Jack Easterbrook, Esq. Loan documents used by institutional lenders always have a description of collateral in a secured loan transaction. But what happens when a lender tries to use an “old” security agreement, initially agreed upon and signed in connection with an earlier...

By: Serge Filatov, Esq. When documenting a loan, lenders often have to determine which negative covenants they want to add to their loan agreement. Before determining which negative covenants to add, it is important to understand the purpose of negative covenants. What Are Negative...

By: Jack Easterbrook, Esq. Financial technology companies, or FinTechs, have experienced a meteoric rise over the last five years. During that period, the amount of investment funneled into FinTechs has risen from $1.5 billion to about $24 billion. They received another shot in the...

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