Oregon Legislature Passes Foreclosure Moratorium and Loan Deferral Bill   In a whirlwind legislative session that lasted three days, the Oregon Legislature enacted a bill on June 26, 2020 designed to give relief to homeowners and landlords hard hit by the Covid-19 crisis. The bill, HB 4204, has two primary components. First, it establishes a [...]



UPDATE to Small Business Reorganization Act and Chapter 11 Cases Due to COVID-19 Increase in SBRA debt limit. Congress enacted the Small Business Reorganization Act (SBRA) in 2019 with an effective date of February 20, 2020. The SBRA was designed to provide a more efficient and streamlined reorganization process for small business entities for which [...]


A New Landscape for Small Business Lenders


Small businesses now have an ability to get a chapter 11 plan confirmed without any creditor voting in favor of its plan and with no ability for creditors to file competing plans under a new law effective February 19, 2020. The Small Business Reorganization Act of 2019 (“SBRA”) enables small businesses to essentially discharge their [...]

A New Landscape for Small Business Lenders2020-04-16T10:36:46+00:00

Collateral Exam Compared to CPA Audit


Borrowers sometimes say, “I get an audit [efn_note] Audit – Google search: “A systematic examination of books, accounts, documents, and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern.” Note: many small businesses do not get an Audit of their books by a CPA, [...]

Collateral Exam Compared to CPA Audit2020-04-16T10:32:37+00:00

But I Planned to Pay It Back!


We have likely all heard the stories, maybe even from our own customers! A long‑term trusted employee (we’ll call him Vic) betrayed that trust. Some time ago, maybe years, Vic ‘borrowed’ $500. He has the best intentions to pay it back from his next paycheck. But, of course, on the next payday, Vic actually needs [...]

But I Planned to Pay It Back!2020-04-16T09:57:50+00:00



You’ve worked hard to land that new customer.  They want a new line of credit and you want to give it to them.  Of course, you will need financial statements for underwriting but which ones? Audits are the ‘gold standard’ but they are the most expensive for your customer.  Maybe you should ask for a [...]

AUDITS, REVIEWS AND COMPS – OH MY!  2020-04-16T10:00:40+00:00