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Business

SBA Small Business Loans in a Nutshell


Many business owners have heard the term “SBA”, particularly in relation to SBA loans, but are unsure of exactly what the SBA is, how it can help small businesses owners and the types of loan programs that the SBA offers. This article will provide an overview of the SBA, an explanation of typical SBA loans,

What is an Evergreen Clause and Whose Burden to Prove Renewal?


Evergreen provisions are used in contracts, leases or other agreements that have a fixed maturity date, but the parties anticipate renewals of the term. Such evergreen contracts or leases automatically renew unless one of the parties gives the other notice of their intention not to renew. Generally the contracts will require some period, between one

SBA announces the return of the 504 loan refinance program


In late May of this year the Small Business Administration (“SBA”) has re-established the debt refinancing program consistent with the more well- known SBA 504 loan programs.  The 504 loan program was historically only available to purchasers of commercial property.  The debt refinancing program, while available several years ago, was temporary.  The program, which expired

What Do Business Lawyers Do?


Business lawyers, also referred to as corporate lawyers, assist business owners and business management with corporate legal and regulatory matters. Business lawyers provide counsel on and facilitate the creation of contracts for vendors, employees, clients and third parties. Corporate lawyers navigate the realm between a business and the regulatory environment, ensuring policies adhere to local,