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guaranty Tagged Articles
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I Wished I Had Hired a Franchise Lawyer When I Bought the Franchise
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| In the 34 years of representing buyers and sellers of franchise, I have nearly seen it all. I feel like an emergency room physician when I meet a client who bought a franchise and has lost hundreds of thousands of dollars in a failed or failing business. The franchisor is threatening termination and a suit for lost profits against them personally, there are in breach of their lease and their lease guaranty, and their SBA loan secured by their home is in default. |
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Should I ask that my loan application be submitted as a Recovery Act loan?
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| There are several important factors that a small business applicant, lender or CDC should consider when deciding whether to submit a new loan application as a Recovery Act loan that, if conditionally approved will be placed in the SBA Recovery Loan Queue awaiting the availability of funds or as a non-Recovery Act loan (with all applicable fees and a lower guaranty). |
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SBA what is the Transition Phase Alert System?
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| The Transition Phase Indicator, the tri-color graphic on the SBA Recovery Loan Queue web page, is intended to give lenders, Certified Development Companies (CDCs) and potential borrowers a simple way of knowing whether loans are being accepted into the SBA Recovery Loan Queue and the likelihood of a newly submitted recovery loan being funded. |
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SEO Facts For Search Engine Traffic
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| This article will give you the best SEO tips you need to get the best results with the search engines. |
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Other guaranty Related Articles
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Credit Factors
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| To determine if you qualify for SBA's financial assistance, you should first understand some basic credit factors that apply to all loan requests. Every application needs positive credit merits to be approved. These are the same credit factors a lender will review and analyze before deciding whether to internally approve your loan application, seek a guaranty from SBA to support their loan to you, or decline your application all together. |
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What is the SBA Recovery Loan Queue?
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| During the transition period, a lender or CDC has the choice of submitting a loan application as a non-Recovery Act loan (where all fees as well as the lower SBA guaranty levels apply) or as a Recovery Act loan. |
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Should I ask that my loan application be submitted as a Recovery Act loan?
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| There are several important factors that a small business applicant, lender or CDC should consider when deciding whether to submit a new loan application as a Recovery Act loan that, if conditionally approved will be placed in the SBA Recovery Loan Queue awaiting the availability of funds or as a non-Recovery Act loan (with all applicable fees and a lower guaranty). |
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The Franchise Contract: Understanding the Personal Guaranty
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| One of the most important provisions of a franchise agreement is the personal guaranty. It’s important for prospective franchisees to fully understand the reason why franchisors require this covenant and what the implications are in the event the franchisee has problems. When performing franchisor due diligence, keep this factor in mind. |
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I Wished I Had Hired a Franchise Lawyer When I Bought the Franchise
| |
| In the 34 years of representing buyers and sellers of franchise, I have nearly seen it all. I feel like an emergency room physician when I meet a client who bought a franchise and has lost hundreds of thousands of dollars in a failed or failing business. The franchisor is threatening termination and a suit for lost profits against them personally, there are in breach of their lease and their lease guaranty, and their SBA loan secured by their home is in default. |
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