Banking, Credit and Commercial Services
Assisting individuals & businesses with banking, credit and commercial transactions.
Banking, Credit, & Commercial Services Attorneys
Banking, Credit & Commercial Services
Banking law and finance law are complex areas that require sharp and savvy professionals. Let us put our knowledge and experience at your disposal, to make sure that your interests are protected in these sensitive fields. Perhaps you are facing a dispute over a financial transaction, or need to resolve a banking issue–no problem; let the skilled attorneys at Cunningham Dalman of Holland, Michigan resolve the difficulty to your advantage, and in a timely manner.
We regularly work with institutional and individual clients, in Holland and elsewhere, to protect their interests in a wide range of financial transactions.
Voted Best Law Firm in Holland, Michigan
Banking, Credit & Commercial Services Articles
My business has credit problems, can I just start a new business and start over?
We are often asked about starting multiple businesses for clients. There are different situations that prompt this request. Sometimes, a
Needing to secure a Commercial Loan?
KNOW Your Options. our attorneys have years of experience helping businesses secure funding.Â
Banking Law & Commercial Services
Financial Transactions - Protecting Your Interests
Our attorneys assist with commercial loans, mortgages, secured transactions, and government insured programs.
Financial TransactionsFinancial Disputes - After You've Closed
After you've closed the deal, disputes can arise and we assist with loan workout agreements, repossessions, debt collection, & more.
Financial DisputesCommercial Finance - Our Services
The legal minds at Cunningham Dalman are well-versed in the world of commercial finance, from the perspectives of both lender and borrower. Let us help you with commitment letters, loan terms, due diligence, & more.
Commercial ServicesLet Our Business Banking Experience Work for You Today!
we understand the process. Let our banking & finance attorneys assist you.Â
Protecting Your interests at every step of the process
Financial Transactions
Our Banking and Commercial Services practice area is here to assist you with commercial loans, secured transactions, property liens, title insurance, and processes related to government insured financing. Our clients benefit from the years of experience our attorneys have and the multiple practice areas we cover at Cunningham Dalman.
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Protecting Your Interests in the following areas:
- Commercial Loan Transactions - Commercial loans are typically used for businesses to fund capital expenditures but can fund operational costs in certain situations. For smaller businesses, bond & equity markets are often times not an option for securing financing. Our attorneys have experience working with all size businesses and the potential funding avenues available to you.
- Mortgage Loans & Secured Transactions - Mortgage loans are a common type of secured transaction. In the simplest of terms, the loan is secured by the property and there is more protection for the lender. Our attorneys are well versed in filing the documents and assisting in the process of keeping your home if you are facing foreclosure proceedings. It's best to get ahead of the situation so all of your legal options can be evaluated.
- Perfection of Liens - On secured loans, a lien is filed with the appropriate body and the secured interest in the asset is considered binding. A perfected lien provides the legal documentation that the lender has a legal right to the property. If the lien is not perfected, it can be harder for the lender to make a claim of the asset if the borrower stops making payments.
- Title Insurance - Title insurance provides protection for both creditors and homebuyers against encumbrances, defects in the title, liens, and more. Our attorneys can assist with ensuring the title insurance policy protects your interests and can assist with activities to clean up or mitigate issues with a title.
- Government Insured Financing - Our team of attorneys can also consult with clients requiring HUD insured loans for multi-family properties. We have the experience to assist you through this process, including complex transactions with tax credits and low-income housing tax credits.
challenges arise after you've closed the deal
Financial Loan Disputes
Personal and business loans can go sideways over time due to market changes, personal challenges, and unexpected situations that occur in everyone’s lives. Our attorneys are experienced in helping individuals and businesses go through the process of renegotiating terms due to lack of business, a loss of a job, the loss of key personnel, or other challenges. Â
Common Loan Challenges We Assist With:
- Loan Workout Agreements - A workout agreement or contract allows lenders and borrowers to renegotiate the terms of a loan. In most cases, the loan is already in default and both parties agree it's best to restructure the loan. These are done on a case-by-case basis and we can assist you with renegotiating the terms.
- Lien Foreclosure - Mortgage defaults or foreclosures occur when the borrower doesn't make a payment over a period of time. Our attorneys are here to assist you in understanding the laws in Michigan and potential steps you can take to delay, mitigate, or prevent a foreclosure. In most cases, a lender would rather work out a deal to keep you in your home.
- Lien Foreclosure - Mortgage defaults or foreclosures occur when the borrower doesn't make a payment over a period of time. Our attorneys are here to assist you in understanding the laws in Michigan and potential steps you can take to delay, mitigate, or prevent a foreclosure. In most cases, a lender would rather work out a deal than to pursue foreclosure.
- Repossessions - In most states, including Michigan, most repossessions involve cars & trucks. Michigan repossession laws establish rights for the lender, repossession firms, and you as an individual.
- Debt Collection - Are you being sued by a creditor for the collection of a debt? Our attorneys can assist you in determining the best way to resolve the matter and file any counterclaims if appropriate.
- Bankruptcy - If you are personally facing bankruptcy, or your business is challenged with the possibility of having to file, let our experienced team go to work for you.
assisting you in navigating the world of commercial finance
Commercial Financing Services
Many business owners will go through the process of securing financing for new lines of business, expansions, acquisitions, and new capital expenditures. Navigating the dangerous waters of commercial transactions requires comprehensive and current knowledge of finance law and corporate law, attention to detail, and a firm grasp of finance itself. We are familiar with real estate and commercial loans as well as tax-exempt borrowing.Â
Feel free to engage with Cunningham Dalman and you will immediately gain access to decades of experience for commercial financing. Our attorneys assist with initiating the process of finding funding options, negotiating terms, assisting with due diligence, and ensuring all of your documents protect your interests throughout the process.
Areas Where We Can Assist:
- Drafting / Negotiating Commitment Letters - These are binding agreements between the borrower and lender in regards to the terms & conditions of a prospective loan.
- Negotiating Loan Terms - For commercial real estate transactions, a loan agreement can be hundreds of pages concerning lease approvals, fees, insurance clauses, payment schedules, debt covenants, and more. Our attorneys can assist in negotiating the terms and ensuring your assets will be protected.
- Performing Due Diligence - Business transactions which undergo due diligence generally have a much higher chance of success. Due Diligence is the complex process of verifying relevant facts concerning a business investment opportunity or potential deal.
- Drafting and Negotiating Transaction Documents - Complex business transactions benefit from experience and having a successful road map. Many times these transactions involve multiple parties, multiple jurisdictions, and businesses often times seek out assistance in these areas.
Banking Law FAQ
Most frequent questions and answers
This is the term used when commercial banks lend money to businesses. These loans are typically secured by business assets but can be secured by other items such as cash flow, receivables, and/or equipment.
There are several common types of Commercial Real Estate Loans:
- Traditional – Can be used by all types of businesses and the loan is secured by the property.
- SBA 7(a) Loan – This is a loan from the Small Business Administration and can be used for land, buildings, renovations, and new construction.
- SBA 504 Loan – This is another loan from the Small Business Administration specifically for long-term equipment or owner-occupied properties.
- CMBS Loans – These are Commercial Mortgage-Backed Securities that are securitized and sold to investors. These are often referred to as “Conduit Loans” where payments are fixed for the initial term, amortized over a longer period, and have final balloon payment at the end.
- Bridge Loans – These are generally very short term (interest-only) loans until longer-term financing can be secured.
