Skip to Content
Menu Toggle
subscribe to legal alerts

subscribe to our blogs

sign up now

connect with us

  1. Facebook
  2. twitter
  3. LinkedIn
  4. Youtube

Media Contacts

Charles B. Jimerson
Managing Partner

Nikos Westmoreland
Director of Business Development

Jimerson Birr welcomes inquiries from the media and do our best to respond to deadlines. If you are interested in speaking to a Jimerson Birr lawyer or want general information about the firm, our practice areas, lawyers, publications, or events, please contact us via email or telephone for assistance at (904) 389-0050.

Author: Brandon C. Meadows, Esq.

What Responsibility and Authority do SBA Lenders Have in Servicing and Liquidating Loans?

November 2, 2020 Banking & Financial Services Industry Legal Blog, Florida Business Litigation Blog

Lenders are responsible for servicing and liquidating all of the 7(a) loans in their portfolio. CDC’s are responsible for servicing 504 loans in their portfolio, but they will only be responsible for liquidating the loan based on its designation. Lenders and CDC’s must be cognizant about their responsibilities and authority […]

How SBA Lenders Ensure Expense Recovery in Loan Liquidation and Litigation

October 28, 2020 Banking & Financial Services Industry Legal Blog, Florida Business Litigation Blog

Lenders should be cognizant about what expenses are classified by the SBA as recoverable or non-recoverable. The SBA does not pay for non-recoverable expenses, such as any fee or cost incurred that was not necessary, reasonable or customary. In addition, the SBA does not pay for legal expenses for non-routine […]

Classifying SBA Loans in Liquidation Status

June 29, 2020 Banking & Financial Services Industry Legal Blog

Lenders, including 7(a) lenders and Certified Development Companies (“CDC”), must be proactive in recognizing when a loan should be classified in liquidation status, and understand the necessary steps in the liquidation process. Lenders who act promptly and follow the necessary steps in the liquidation process will maximize collateral recovery, limit […]

SBA 504 Loan Liquidation: Which Liquidation Actions Require SBA’s Pre-Approval (Part 2)

June 22, 2020 Banking & Financial Services Industry Legal Blog

504 Loan Liquidation Actions This article is Part II of a two-part blog series, designed to assist 7(a) lenders and Certified Development Companies in determining which liquidation actions require SBA’s pre-approval on SBA loans. Part II in this blog series addresses the liquidation actions that require the SBA’s pre-approval for […]

SBA 7(a) Loan Liquidation: Which Liquidation Actions Require SBA’s Pre-Approval (Part 1)

June 8, 2020 Banking & Financial Services Industry Legal Blog, Florida Business Litigation Blog

7(a) Loan Liquidation Actions This article is Part I of a two-part blog series, designed to assist 7(a) lenders and Certified Development Companies in determining which liquidation actions require SBA’s pre-approval on SBA loans. Part I in this blog series addresses the liquidation actions that require the SBA’s pre-approval for […]

Coronavirus Crisis Management for Lenders and Servicers – Considerations for the Anticipated Rise in Loan Modification Requests

April 7, 2020 Banking & Financial Services Industry Legal Blog

The efforts to curb the spread of COVID-19 has caused an adverse ripple effect in the economy that will undoubtedly strain lending relationships and require widespread loan modifications. To assist borrowers and businesses with the anticipated volume of loan modification requests, the federal government and other federal agencies have offered […]

we’re here to help

Contact Us