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27 February 2020

A New Landscape for Small Business Lenders

2021-07-23T12:24:45+00:00

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 Lenders2021-07-23T12:24:45+00:00
3 June 2019

Collateral Exam Compared to CPA Audit

2021-07-23T12:21:29+00:00

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 Audit2021-07-23T12:21:29+00:00