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Unpleasant Surprise in Small Biz Acquisitions: The SBA Standby AgreementApril 10, 2020
An unpleasant surprise that sometimes pops up in the days leading up to closing in small business acquisitions involving SBA financing is the SBA Standby Agreement (also known as SBA Form 155). As a condition of loan approval, some SBA lenders…

Lease Assignment Issues in Small Business AcquisitionsAugust 27, 2019
When negotiating the acquisition of a small business, one of the most important issues to address during the due diligence process is confirming whether the current business owner owns or leases its business office or retail location. When the…