Tag: Commercial loan

• Business Litigation

  Fifth Circuit Issues Warning for Lenders Seeking to Accelerate Loans in Default

  • April 4, 2016
  • By Allen & Gooch

  Recent case assesses when the statute of limitations/prescriptive period begins to run. There is an important warning for creditors hidden in dicta of the Fifth Circuit Court of Appeals’ recent ruling, Martin v. Federal National Mortgage Association, No. 15-41104 (5th Cir. Feb. 22, 2016) – accepting payment after accelerating a debt could waive the acceleration […]

• Business Transactions

  Return of SBA 504 Debt Refinancing Loan Program

  • March 21, 2016
  • By Allen & Gooch

  A Return of SBA 504 Debt Refinancing Loan Program to Aid Development of Small Business SBA 504 Loan Program anticipated to begin mid-2016. Congress recently reinstated the Small Business Administration (SBA) 504 Debt Refinancing Loan Program. The program is expected to begin in three to four months and will allow businesses to refinance or renovate […]

• Business Transactions

  Think Twice Before Giving a Power of Attorney: It May Be Broader Than You Realize

  • June 9, 2014
  • By Emile Joseph
  

  Where Personal Guaranties and Power of Attorney Intersect In Gulf Coast Bank and Trust Co. v. Montoli & Pitre, LLC, ___ So.3d ___, 2014 WL 970155 (La. App. 5 Cir. 3/12/14), the principal and agent (a married couple) were members of Montoli & Pitre, LLC (“Borrower”), and in connection with a closing in which the […]