Allen J. Heffner | Loren & Kean

RENT RELIEF: FLORIDA REPEALS SALES TAX ON COMMERICAL LEASES

By Allen J. Heffner | Jul 8, 2025

On June 30, 2025, Governor Ron DeSantis signed Florida House Bill 7031, which among other things, fully removes the state and county sales tax on commercial real property leases. This change takes effect October 1, 2025, and follows what has been a reduction on the sales tax on commercial leases over the last several years. … RENT RELIEF: FLORIDA REPEALS SALES TAX ON COMMERICAL LEASES

NEW SMALL BUSINESS ASSOCIATION RULES RELEASED: FACTORING AND MCA DEBT CANNOT BE REFINANCED

By Allen J. Heffner | May 2, 2025

The U.S. Small Business Administration (SBA) has released a significant update that will directly affect small business financing strategies moving forward. As of June 1, 2025, the SBA no longer permits the refinancing of Merchant Cash Advance (MCA) or factoring debt through its loan programs, including 7(a) and 504 loans. In the past, SBA loans … NEW SMALL BUSINESS ASSOCIATION RULES RELEASED: FACTORING AND MCA DEBT CANNOT BE REFINANCED

ANTI-ASSIGNMENT PROVISIONS: ARE THEY ENFORCEABLE AND WHAT TO DO IF YOUR CLIENT’S CONTRACT CONTAINS ONE

By Allen J. Heffner | Apr 23, 2024

While many Account Debtors recognize the value of services provided by Factors and will gladly comply with Notices of Assignment in exchange for smooth transactions with the Client, some Account Debtors have negative views of Factors and have included language in their underlying contracts prohibiting the assignment of the Client’s receivables. Our clients have expressed … ANTI-ASSIGNMENT PROVISIONS: ARE THEY ENFORCEABLE AND WHAT TO DO IF YOUR CLIENT’S CONTRACT CONTAINS ONE

RECENT VICTORIES OF LOREN & KEAN LAW

By Allen J. Heffner | Nov 21, 2023

Loren & Kean Law secured resounding victories for their clients this past month. First, in an appellate case that centered around a tenant’s claim to possession of real property, Allen Heffner with Bruce Loren, successfully represented a landlord in an appeal by the tenant of the trial court’s order granting summary judgment of eviction. … RECENT VICTORIES OF LOREN & KEAN LAW

THE NOTICE OF ASSIGNMENT: A REFRESHER COURSE

By Allen J. Heffner | Nov 20, 2023

The Notice of Assignment is probably the single most important document for a Factor. Understanding what needs to be included in the Notice of Assignment, how to send it, and who to send it to can mean the difference between getting paid and not. Despite the fact that every Factor is (or should be) familiar … THE NOTICE OF ASSIGNMENT: A REFRESHER COURSE

Case Studies on Recent Factoring Litigation

By Allen J. Heffner | Aug 1, 2022

Factoring clients always ask us what they could have done differently to avoid lawsuits with their Clients and/or Account Debtors. In some cases, the Factor does everything correctly and litigation is inevitable. However, over the past several months, we have had Factors engaged in lawsuits that were largely avoidable if the Factor had taken certain … Case Studies on Recent Factoring Litigation

Why Factors Should Continue Due Diligence on Their Client After Filing Their Financing Statement

By Allen J. Heffner | Mar 28, 2022

One of a Factor’s main protections is its blanket security interest in all the Client’s assets, including the Client’s receivables. The security interest gives the Factor some level of protection that it will be able to be made whole in the event things go sideways. The security interest is most often provided for in standard … Why Factors Should Continue Due Diligence on Their Client After Filing Their Financing Statement

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