SBA Lending Richmond
Richmond SBA Lending
MG Law’s SBA Lending practice has extensive experience representing national lenders offering financing available through programs sponsored and administered by the U.S. Small Business Administration (SBA). Our work with SBA lenders began in 1997, providing local representation of the forerunner of Business Loan Center. With Business Loan Center’s expansion to a national market, MG Law’s representation also expanded nationally. From that beginning, we developed relationships with several of the largest SBA lenders in the country and work with them on a national level.
We have also represented other local bank SBA lenders and, for over ten years, MG Law has closed thousands of business acquisition, working capital and other SBA loans. Our SBA Lending attorneys have experience in the 7a, Express and 504 programs as well as the USDA guaranteed loan programs. We have worked with our lenders, not only in closing loans, but also in workout, default and foreclosure situations. MG Law is a member of NAGGL (National Association of Government Guaranteed Lenders) and has a network of local attorneys in 46 of the 50 states in the event local counsel is needed.
Each of our SBA lenders takes a different approach to closing loans. Some handle most of the closing function entirely in-house. Others rely on MG Law’s expertise and outsource the closing process. Our staff has had several years, and many loans, experience working with borrowers, gathering and reviewing due diligence materials, and preparing and delivering loan packages. Our primary closer has had direct training in the closing process and is the leader of a core of staff and attorneys dedicated to closing SBA loans.
At MG Law it is our goal to make the closing process and quick and comfortable as possible for both borrower and lender.
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