Government Guaranteed Loans

Your SBA Legal Department℠

At Anastasi Jellum, we know every aspect of United States Small Business Administration (SBA) loan documentation, loan liquidation, and regulatory compliance. We provide lenders with full support in processing, closing, servicing and liquidating SBA loans.

Experienced SBA Loan Counsel.

Government guaranteed loans must be managed appropriately to protect the rights of the lender and ensure that the government guaranty remains intact. Anastasi Jellum is a leader in providing legal services related to SBA loans throughout the United States. For lenders across the country, we also serve as compliance counsel and advisors, developing effective strategies and managing their execution while adhering to the SBA’s complex rules and regulations.

  • We thoroughly understand and comply with the SBA’s SOPs (Standard Operating Procedures), working efficiently with attention to detail in order to assist with documenting and closing loans, perfecting security interests and, when needed, curing loan defaults as quickly and seamlessly as possible for our lender clients.
  • The Anastasi Jellum SBA loan team works hard to protect the lender’s interests and the security associated with SBA loans. If a SBA 7(a) loan defaults within 18 months of origination, SBA presumes lender error in making the loan and applies a “highest degree of scrutiny” test when considering whether to honor its guaranty. This includes a greater emphasis on the lender’s documentation of its credit analysis – cash flow projections, repayment analysis, etc. We help lenders in all facets of the process including evaluation of loan applications and recognizing fraud indicators in SBA loan documentation so the lender makes prudent and sound loans.
  • We are experienced assisting lenders with SBA 504 long-term, fixed-rate financing to acquire assets for expansion or modernization made through Certified Development Companies (CDCs), the SBA’s partners for providing 504 loans.
  • Our experienced SBA loan attorneys also help lenders understand complex documents that may impact loan eligibility, such as franchise, license, dealer and similar agreements.
  • We work closely with the SBA and its internal counsel, at both the national and local levels, and understand the administrative, as well as the legal, aspects of SBA loans.

National Association Government Guaranteed Lenders (NAGGL). Anastasi Jellum provides updates to in-house counsel and loan personnel on banking law and SBA SOPs. Representing Anastasi Jellum and our lender clients in SBA and government guaranteed loans at the national level is Nick Jellum. Nick is actively involved in NAGGL, the trade association that provides legislative updates, news, training and events to lenders and attorneys in the SBA loan area. At the invitation of NAGGL, Nick was a presenter at NAGGL’s 2012 Annual Conference. Nick is also a member and active in the National Association of Development Companies (NADCO), the trade association for CDCs.

Our Approach.

Our SBA team includes experienced attorneys, paralegals and support staff who handle the intricate requirements of loan documentation and, when necessary, liquidation.

Our team is always professional, courteous and responsive in our communications with clients and borrowers. At Anastasi Jellum, we use our experience and skills to manage and document the most complex transactions in a very efficient, straight forward manner, always adhering to our core values:

  1. Approach every matter with a sense of urgency
  2. Pay attention to detail
  3. Get the matter done before the deadline
  4. Always keep our clients well informed

As Your SBA Legal Department℠, we understand the importance the law plays in the success of your SBA lending business.

Government Guaranteed Loans.

SBA and rural development loans issued through the United States Department of Agriculture (USDA) are unique in their requirements concerning documentation and liquidation management. Anastasi Jellum is a leader in protecting the interests of our lender clients and community banks. We will represent lenders issuing USDA loans, and all of the SBA programs, including:

  1. SBA 7(a) Loan Programs – for businesses with special requirements; Export Loan Programs – Export Express, Export Working Capital Program (EWCP), International Trade Loan Program; the Small/Rural Lender Advantage (S/RLA); SBA Express and pilot programs; Small Loan Advantage; Community Advantage 7(a) Loans.
  2. SBA Microloan Programs – small, short-term loans to small businesses and some nonprofit child care centers.
  3. CDC/SBA 504 Loan Programs – long-term, fixed-rate financing to acquire assets for expansion or modernization made through Certified Development Companies (CDC), the SBA’s partners for providing 504 loans.
  4. SBA Disaster Loans – loans to homeowners, renters, businesses and nonprofits to repair or replace property and assets.
  5. USDA Loans – Rural and community development: business opportunities including business and industry guaranteed loans and rural economic development loans and grants, community facilities guaranteed loans and lender opportunities.

Creditors’ Rights in Government Guaranteed Loans.

Anastasi Jellum is a leader in representing lenders in government guaranteed loan defaults and liquidations. This experience gives our clients peace of mind knowing that we will assist the lender in complying with all of the complex government regulations that must be adhered to in order to protect the guarantee.

Government Guaranteed Loans

  • SBA Alert: SBA 504 Refinancing Program
    Today the U.S. Small Business Administration (“SBA”) announced the launch of the much anticipated 504 refinancing program authorized under the Small Business Jobs Act. February 2011