Business & Securities Law

Small Business Financing Traps to Avoid

Credits Available
Credit Status Total
California MCLE Paralegal Approved 1 Total
Alaska CLE Reciprocity 1 Total
Alabama CLE Approved 1 Total
Arkansas CLE Approved 1 Total
Arizona CLE Approved 1 Total
California CLE Approved 1 Total
Colorado CLE Approved 1 Total
Connecticut CLE Approved 1 Total
Delaware CLE Approved 1 Total
Florida CLE Approved 1 Total
Georgia CLE Approved 1 Total
Hawaii CLE Approved 1 Total
Iowa CLE Upon Request 1 Total
Illinois CLE Approved 1 Total
Indiana CLE Approved 1 Total
Kansas CLE Upon Request 1 Total
Kentucky CLE Approved 1 Total
Maine CLE Approved 1 Total
Minnesota CLE Approved 1 Total
Missouri CLE Approved 1.2 Total
Northern Mariana Islands CLE Approved 1 Total
Montana CLE Approved 1 Total
North Carolina CLE Approved 1 Total
Nebraska CLE Approved 1 Total
New Hampshire CLE Approved 1 Total
New Jersey CLE Approved 1.2 Total
New Mexico CLE Approved 1 Total
Nevada CLE Approved 1 Total
New York CLE Approved 1 Total
Ohio CLE Approved 1 Total
Oklahoma CLE Approved 1 Total
Oregon CLE Upon Request 1 Total
Pennsylvania CLE Approved 1 Total
South Carolina CLE Approved 1 Total
Tennessee CLE Approved 1 Total
Texas CLE Approved 1 Total
Utah CLE Approved 1 Total
Virginia CLE Approved 1 Total
Vermont CLE Approved 1 Total
Washington CLE Approved 0 Total
Wisconsin CLE Approved 1 Total
West Virginia CLE Approved 1.2 Total
Wyoming CLE Upon Request 1 Total
Delaware Certified Paralegal Program Approved 1 Total
Florida Registered Paralegal Approved 1 Total
Indiana Paralegal CLE Approved 1 Total
Montana CLE Credit for Paralegals Approved 1 Total
North Carolina Continuing Paralegal Education Approved 1 Total
New Mexico Paralegal Division, State Bar of Approved 1 Total
Ohio Certified Paralegals Approved 1 Total
NFPA Approved 0 Total
Texas State Bar of Paralegal Division Approved 1 Total
OnDemand
57 minutes
Casey Erick
With Casey S. Erick from Lewis Brisbois Bisgaard & Smith LLP
Coming Soon! OnDemand recording will be available on September 10, 2026.
Product ID 102392

Buy This Course

Course Includes
$199

OnDemand Video

Course Book Download

Overview

Don't Let the Fine Print Sink Your Client's Business

Small business owners are among the most vulnerable clients in your practice - and when they need capital to grow, survive, or pivot, one wrong financing decision can unravel everything. From predatory merchant cash advances to balloon-payment traps and hidden personal guarantee clauses, the small business lending landscape is riddled with pitfalls that even sophisticated borrowers miss. This fast-paced, practical session cuts through the noise. In just 60 minutes, you'll walk away with a clear framework for spotting high-risk financing structures, advising clients on what to watch for before they sign, and identifying the clauses most likely to trigger default, personal liability, or lender overreach. Whether your clients are taking out an SBA loan, a line of credit, or a revenue-based advance, you'll be equipped to protect them (and your practice). Register today!

  • Spot the most dangerous clauses in small business loan agreements before your clients sign.
  • Understand where merchant cash advances, revenue-based financing, and alternative lenders create risk.
  • Advise clients on personal guarantees, confession of judgment clauses, and UCC blanket liens.
  • Recognize lender overreach and predatory terms that may violate state and federal law.
  • Build a practical due diligence checklist you can use in every small business financing engagement.

Abbreviated Agenda

  1. Common Financing Types: SBA Loans, Lines of Credit, Term Loans, MCAs, and Revenue-Based Financing
  2. How Lenders Structure Deals to Maximize Yield at Borrower Expense
  3. The Most Dangerous Clauses to Know
    1. Personal Guarantee Provisions: What Clients Actually Agree to
    2. Confession of Judgment (COJ) Clauses: Status by State and Practical Impact
    3. How UCC Blanket Liens Restrict Future Financing and Business Operations
    4. Balloon Payments, Prepayment Penalties, and Hidden Fee Structures
    5. Material Adverse Change (MAC) Clauses and Lender Acceleration Rights
  4. Merchant Cash Advances and Alternative Lenders
    1. MCA vs. Loan: Why the Distinction Matters Legally
    2. Factor Rates, Holdback Percentages, and True Cost of Capital
    3. Stacking and Re-Advance Traps
    4. Regulatory Landscape: State-Level Disclosure Laws and Emerging Federal Oversight
  5. Due Diligence Checklist for Small Business Financing Engagements

Related Topics

Product ID 102392

Credit Details

Credits Available
Credit Status Total
California MCLE Paralegal Approved 1 Total
Alaska CLE Reciprocity 1 Total
Alabama CLE Approved 1 Total
Arkansas CLE Approved 1 Total
Arizona CLE Approved 1 Total
California CLE Approved 1 Total
Colorado CLE Approved 1 Total
Connecticut CLE Approved 1 Total
Delaware CLE Approved 1 Total
Florida CLE Approved 1 Total
Georgia CLE Approved 1 Total
Hawaii CLE Approved 1 Total
Iowa CLE Upon Request 1 Total
Illinois CLE Approved 1 Total
Indiana CLE Approved 1 Total
Kansas CLE Upon Request 1 Total
Kentucky CLE Approved 1 Total
Maine CLE Approved 1 Total
Minnesota CLE Approved 1 Total
Missouri CLE Approved 1.2 Total
Northern Mariana Islands CLE Approved 1 Total
Montana CLE Approved 1 Total
North Carolina CLE Approved 1 Total
Nebraska CLE Approved 1 Total
New Hampshire CLE Approved 1 Total
New Jersey CLE Approved 1.2 Total
New Mexico CLE Approved 1 Total
Nevada CLE Approved 1 Total
New York CLE Approved 1 Total
Ohio CLE Approved 1 Total
Oklahoma CLE Approved 1 Total
Oregon CLE Upon Request 1 Total
Pennsylvania CLE Approved 1 Total
South Carolina CLE Approved 1 Total
Tennessee CLE Approved 1 Total
Texas CLE Approved 1 Total
Utah CLE Approved 1 Total
Virginia CLE Approved 1 Total
Vermont CLE Approved 1 Total
Washington CLE Approved 0 Total
Wisconsin CLE Approved 1 Total
West Virginia CLE Approved 1.2 Total
Wyoming CLE Upon Request 1 Total
Delaware Certified Paralegal Program Approved 1 Total
Florida Registered Paralegal Approved 1 Total
Indiana Paralegal CLE Approved 1 Total
Montana CLE Credit for Paralegals Approved 1 Total
North Carolina Continuing Paralegal Education Approved 1 Total
New Mexico Paralegal Division, State Bar of Approved 1 Total
Ohio Certified Paralegals Approved 1 Total
NFPA Approved 0 Total
Texas State Bar of Paralegal Division Approved 1 Total
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CLE
Paralegal

Agenda

All times are shown in

  1. Small Business Financing Traps to Avoid

    1. Common Financing Types: SBA Loans, Lines of Credit, Term Loans, MCAs, and Revenue-Based Financing
    2. How Lenders Structure Deals to Maximize Yield at Borrower Expense
    3. The Most Dangerous Clauses to Know
      1. Personal Guarantee Provisions: What Clients Actually Agree to
      2. Confession of Judgment (COJ) Clauses: Status by State and Practical Impact
      3. How UCC Blanket Liens Restrict Future Financing and Business Operations
      4. Balloon Payments, Prepayment Penalties, and Hidden Fee Structures
      5. Material Adverse Change (MAC) Clauses and Lender Acceleration Rights
    4. Merchant Cash Advances and Alternative Lenders
      1. MCA vs. Loan: Why the Distinction Matters Legally
      2. Factor Rates, Holdback Percentages, and True Cost of Capital
      3. Stacking and Re-Advance Traps
      4. Regulatory Landscape: State-Level Disclosure Laws and Emerging Federal Oversight
    5. Due Diligence Checklist for Small Business Financing Engagements

Who Should Attend

This legal course is for attorneys. Accountants, business advisers, and paralegals will also benefit.

Speakers

Casey S Erick
Casey S.
Erick
Lewis Brisbois Bisgaard & Smith LLP
Speaker bio
Casey S Erick

Casey S. Erick

Lewis Brisbois Bisgaard & Smith LLP
Casey Erick

is a partner with Lewis Brisbois Bisgaard & Smith LLP and a member of the Labor and Employment practice. He focuses on commercial litigation and employment law. Mr. Erick has represented clients in both litigation and transactional matters that span across commercial law, labor and employment, real estate, consumer protection, and general litigation; including, but not limited to breach of contract, corporate trade secret theft, tortious interference, defamation, personal injury, fraud, and various other kinds of civil litigation. He is a member of the State Bar of Texas and Dallas Bar Association, and is board-certified in civil trial law. Mr. Erick earned his B.A. degree, cum laude, from the University of Mississippi and his J.D. degree from Baylor School of Law.

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