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  • Posted in: RMA Member Forum

    ​We work through our SBA and legal departments to gain SBA consent for the transaction and complete a consent document for the buyer and seller to sign (typically working with buyer and seller counsel).  We also hold funds from the buyer in an escrow ...

  • Posted in: RMA Member Forum

    We have had one.  It is our understanding that if the loan has not been forgiven, sufficient funds to pay off the PPP loan in full have to be placed in escrow or a controlled account at the Bank.  Once the forgiveness is processed, the new owner can assume ...

  • Posted in: RMA Member Forum

    We are dealing with businesses that are being sold but working with the buyer.  It  is our understanding that when processing a new SBA loan for the borrower, the loan can't be processed PLP but must be processed non-delegated.  We also understand that ...

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