SBA Loans means (a) each of the loans listed on Schedule 1.1(jj) hereto (exclusive of any reserves for loan losses) and each obligation of a Seller to make additional extensions of credit in connection with each such loan, as each such loan may be increased, decreased, amended, renewed, or extended by Sellers in the ordinary course of business of Sellers between July 1, 1999 and the close of business on the day on which such loan is purchased by Purchaser pursuant to the terms hereof (included within each such loan shall be any Letters of Credit, Liquidity Support Agreements, and ISDA Transactions related to such loan), (b) each loan made in the ordinary course of business of Sellers between July 1, 1999 and the close of business on the Third Closing Date by Small Business Bank Employees or Consumer Bank Employees, which loans are secured by an SBA guaranty, whether in whole or in part (exclusive of any reserves for loan losses) and each obligation of a Seller to make additional extensions of credit in connection with each such loan, as each such loan may be increased, decreased, amended, renewed, or extended in the ordinary course of business of Sellers between July 1, 1999 and the close of business on the day on which such loan is purchased by Purchaser pursuant to the terms hereof (included within each such loan shall be any Letters of Credit, Liquidity Support Agreements and ISDA Transactions related to such loan) and (c) each application pending with a Seller for a loan whose relationship manager would have been a Small Business Bank Employee if such loan had been made by a Seller prior to the day on which such Small Business Bank Employee is employed by Purchaser pursuant to the terms hereof and which loan would be secured by a SBA guaranty, whether in whole or in part; provided, however, that SBA Loans shall not include any loan described in subsections (a) or (b) above if such loan, as of the day on which such Loan is to be purchased by Purchaser pursuant to the terms hereof, is (i) subject to a current legal proceeding related to a Customer's inability or refusal to pay such loan, (ii) not current and with respect to which proceedings are pending against the obligor or obligors of such loan under Title 11 of the United States Code, or (iii) Nonperforming; and provided, further, that with respect to any such loan, to the extent that as of the Closing Purchaser shall not have received an SBA Consent, such loan shall no longer be deemed a "SBA Loan" hereunder....
SBA Loans means the following loans: (1) SBA Loan 4917845007 (Bank #16499) dated November 28, 2011 in the original loan amount of $421,000.00 entered into by Sanford HP, BH, and BHP, as borrowers; (2) SBA Loan 4917795005 (Bank #16498) dated November 28, 2011 in the original loan amount of $844,000.00 entered into by Sanford HP, BH, and BHP, as borrowers; (3) SBA Loan 4917955005 (Bank #16501) dated November 28, 2011 in the original loan amount of $636,000 entered into by Edenville HP, BH, BHP, as borrowers; (4) SBA Loan 4918065000 (Bank #16500) dated November 28, 2011 in the original loan amount of $1,297,000 entered into by Edenville HP, BH, BHP, as borrowers; (5) SBA Loan 49182850-07 (Bank #16504) dated November 28, 2011 in the original amount of $730,000 entered into by Secord HP, BH, BHP, as borrowers; (6) SBA Loan 49181950-04 (Bank #16503) dated November 28, 2011 in the original loan amount of $390,000 entered into by Secord HP, BH, BHP, as borrowers; and (7) SBA Loan 49183150-03 (Bank #16502) dated as of November 28, 2011 in the original loan amount $2,500,000 entered into by Sanford HP, BH, BHP, as borrowers.
Examples of SBA Loans in a sentence
Capital infusion is the aggregate amount from Form 641, Total Dollar Amount of SBA Loans, Total Dollar Amount of non- SBA loans and Dollar Amount of Equity Capital Received.
His experience also includes taxation, franchise law, real estate tax appeals, 1031 exchanges, non-profit entity formations and tax exemption applications, commercial lending and financing including SBA Loans, licensing and intellectual property/software agreements and liquor license transfers.Prior to joining White and Williams, Chris was a founding member of a boutique firm that specialized in corporate law, real estate and land use.
Also thanks to Hebba, Arve Kjersheim, Knut Helskog, Karin Tansem, Vadim Likachev and Varanger Samiske Mu- seum for letting me using their photos.
SBA will not renew a Lender’s delegated authority or will revoke, suspend, or terminate a Lender’s delegated authority when:a) The Lender changes its operations so much that it cannot show that it handles SBA Loans appropriately; orb) The delegated Lender is merged into a non-delegated lender (the surviving Lender may apply for delegated authority).v.
Capital infusion is the aggregate amount from Form 641, Part III, $ Total Amount of SBA Loans, $ Total Amount of non- SBA loans and $ Amount of Equity Capital Received.
More Definitions of SBA Loans
SBA Loans means any loans made by ABL to small businesses and partially guaranteed by SBA, all originated in accordance with the SBA Rules and Regulations and pursuant to the authorization contained in Section 7(a) of the SBA Act.
SBA Loans means, collectively, the loans listed on Schedule 1.1(k) hereto and all obligations of Seller to make additional extensions of credit in connection with such loans, as such loans may be increased, decreased, amended, renewed, or extended in the ordinary course of business between the date of this Agreement and the close of business on the Closing Date; provided, however, that SBA Loans shall not include any loan described above if such loan, as of the Closing Date, is (i) subject to a current legal proceeding related to a Customer's inability or refusal to pay such loan or (ii) not current and with respect to which proceedings are pending against the obligor or obligors of such loan under Title 11 of the United States Code; and provided, further, that with respect to any such loan, to the extent that as of the Closing, Purchaser shall not have received a SBA Consent, such loan shall no longer be deemed a "SBA Loan" hereunder. Each SBA Loan shall include all documents executed or delivered in connection with such loan to the extent such documents are in the loan file relating to such loan; Seller's rights in and to any and all collateral held as security therefor or in which a security interest, Lien or mortgage has been granted; and all guarantees therefor; together with Accrued Interest thereon, all as exists at the close of business on the Closing Date.
SBA Loans means (i) certain Note Agreement, dated March 12, 2021, by and between the Seller and CalPrivate Bank, and (ii) that certain Note Agreement, dated July 29, 2020, by and between the Seller and the U.S. Small Business Administration, as modified by that certain Loan Modification Agreement dated October 10, 2021.
SBA Loans mean loans originated by or through or with the assistance of or the repayment of which is guaranteed, in whole or in part, by the Small Business Administration.
SBA Loans means loans made pursuant to Section 7(a) of the Small Business Investment Act of 1958, as amended.
SBA Loans means loans offered through SmartBiz by SmartBiz Lenders that are guaranteed, in part, by the Small Business Administration, as further described in Exhibit A.
SBA Loans means loans offered through SmartBiz by SmartBiz Lenders that are guaranteed, in part, by the Small Business Administration, as further described at xxx.xxxxxxxxxxxxx.xxx.