Representation to Banks and Borrowers in SBA Loan Transactions

Small Business Administration loans are an excellent way for smaller businesses to get the capital they need to operate. Whether it’s a loan to get a new business started or a loan for an existing business to expand operations, SBA loans have helped countless companies progress and thrive. If you are on either side of the SBA loan process – either as a lender or a borrower, reach out to Rinaldi & Poveromo for assistance. As a banking lawyer with ample experience in this area, we can offer the support you need to reach a desirable outcome.


Helping Businesses Get the Funding They Need

Even if you have a brilliant idea for your new business or an excellent opportunity for your current business to grow, none of it will happen if you can’t secure the right funding. It’s funding that makes things happen in business, and SBA loans are a great opportunity for many small companies. As a would-be borrower, you can get help from Rinaldi & Poveromo to optimize your chances of getting a loan.

One crucial point to consider as a borrower is you don’t want to accept unfavorable terms just because you are so anxious to secure funding. A bad loan can do just as much damage to your business as no loan at all. Using us as your loan lawyer, we’ll help you negotiate terms that are fair for all involved. With the right loan terms in place and an acceptable structure for the loan as a whole, you will be able to sign with confidence and look forward to growing your business for years to come.

There is a good chance that this SBA loan is the first time you have sought your company’s funding. With that in mind, you might not be confident in your ability to negotiate a fair deal or review the loan terms to make sure everything looks good. This decision is too important to handle all by yourself, especially if you have no prior experience. Turn to Rinaldi & Poveromo for the kind of professional guidance needed to secure funding that will work in favor of your business.


Representing Lenders Offering SBA Loans

There is a lot to consider when offering SBA loans to new and existing businesses as a lender. For starters, there is the regulatory side of the process to manage. Since the Small Business Administration backs these loans, strict guidelines must be met before the deal can close. Understanding those rules and how they impact your operations is a vital piece of the SBA lending puzzle.

Also, you may need help dealing with loans that fall behind on payments. Even when you follow all of the rules set forward in the SBA loan guidelines, you will still have some percentage of these borrowers that are not able to make good on their payments. Having a banking lawyer on your side can help you deal with all of these various matters in a timely fashion.


Contact Us Today to Get Started

It’s best for a business owner to start the borrowing process as soon as you realize you are going to need funding to bring your vision to life. There is a lot of paperwork involved with securing any capital, and you’ll want to shop around to get the right terms for your needs. Whether you are a borrower or a lender looking for a loan lawyer, Rinaldi & Poveromo is here to serve you. We’d love to hear from you today to learn more about your needs.