Organizational and Structural Review
REVIEW LOAN COMMITMENT AND SBA LOAN AUTHORIZATION TO VERIFY DISCREPANCIES
• Review Loan Commitment and SBA Loan Authorization regarding collateral organization and ownership.
REVIEW BORROWER'S FORMATION DOCUMENTS AND ORGANIZATIONAL STRUCTURE
• Work with a lender’s closing team to obtain all necessary documentation to insure the comprehensive review of a borrower’s organizational structure, whether that structure involves trusts or other entities.
• Coordinate legal review of trust and/or corporate documentation to confirm the identity of parties and appropriate signing authority.
Collateral Searches
CONDUCT BORROWER AND COLLATERAL SEARCHES
• Complete or coordinate all third-party collateral and property searches.
• Coordinate legal review of asset searches.
COORDINATE WITH VARIOUS THIRD-PARTY VENDORS
• Coordinate third-party items such as asset searches, landlord waivers, insurance and third-party reports.
Preparation of Loan Documentation
PREPARATION OF LOAN DOCUMENTS
• Prepare all necessary documentation for SBA 7(a) loans in accordance with the SBA’s loan authorization and standard operating procedures.
• Coordinate outside legal review of loan documents for SBA related compliance.
Closing Items
PREPARATION OF LOAN DOCUMENTS
• Work closely with a lender’s closing team to secure any outstanding documentation for closing.
• Coordinate and attend closing (at lender’s request).
Post Closing Support
POST-CLOSING FOLLOW UP SERVICES
• Coordinate all post-closing items with lender’s closing team.
• Provide modification and/or work out support.
Liquidation Services
LIQUIDATION SERVICES
• Represent lender in connection with litigation, loss mitigation and/or related services on its commercial loans.
• Recover collateral or pursue obligors on indebtedness owed to lender.