As a lender, deals come across your desk often and all of them require risk evaluation, but where do you find answers to determine the level of liability of this new loan? When a five-point due diligence search is added into the pre-funding strategy, the financial status of a prospective debtor reveals a clearer picture, lessening the unknowns.
If you are here reading this blog article then you’ve likely taken your bank through some unprecedented times. Thankfully, for most lenders, you were in a decent place in terms of capital levels when the pandemic occurred. However, there are many new considerations as a result of these difficult times to help guide how things proceed.
The time for transitioning from the London Interbank Offered Rate (LIBOR) is quickly approaching with the looming May 2021 deadline and there are things for your lending group to consider in the meantime.
A tax lien is the public notice of a legal claim by a government agency against assets or property to secure the payment of outstanding taxes.
Learn more about the changes coming to Bankruptcy. With the recent signing of the Small Business Reorganization Act (SBRA) here are some additional items to be aware of:
Learn about the Bankruptcy Changes coming soon in 2020. The Small Business Reorganization Act (SBRA) has been signed and is considered the most extensive reform to the Bankruptcy Code since 2005.