• 7616 Currell Blvd, Suite 245 - Woodbury, MN 55125
  • Phone(651) 439-2951
  • Fax(651) 439-1417
Commercial Lending and Loan Documentation

Jellum Law has extensive experience handling each phase in the loan process. In fact, several members of our team joined us after beginning their careers at banks, which insight allows us to bring our knowledge and your perspective to anticipate, plan, and adapt to the closing schedules necessary to get deals done. We regularly represent national, regional, and community lending institutions through a wide variety of financial transactions. Our attorneys thrive on strong management skills and a clear vision to focus on the details of each transaction to ensure you are properly protected.

Our Commercial Lending Clients:

Our Commercial Lending Practices:

Successfully closing a deal often involves coordinating activities with government agencies at all levels. On behalf of financial institutions, members of our team regularly interact with local and national redevelopment authorities including:

Community Banking

Jellum Law understands that one of the essential elements of community banking is the community. Our attorneys represent banks small and large across the country, whose lending decisions are made by people who consider the local needs of families, businesses, and farmers. At Jellum Law, you are never a faceless client or just a file. We know that community banks serve an integral role in our community, and Jellum Law is well-equipped to serve as your legal department. We offer thorough corporate knowledge and regulatory advice, commercial and financial review from the routine to the unique, and step-by-step teaching, consulting, and training to implement the processes that will empower you to turn and help your community grow.

Our firm has extensive experience representing community banking organizations in a wide array of matters. We represent community banks and bank holding companies of all sizes and throughout the country by providing corporate knowledge and regulatory advice, reviewing commercial matters, managing commercial and consumer relationships, servicing and liquidating loans, and assisting startup banks in all phases of the formation process.

Our Community Banking Practices include:

Compliance

Jellum Law has extensive experience advising financial institutions on how to effectively comply with the applicable banking regulations and consumer laws as issued by various federal and state agencies. In this capacity, we regularly counsel federal and state banks, bank holding companies, regional banks, community banks, and credit unions on maintaining regulatory compliance, navigating the examination process, and promptly addressing any agency findings.

Our financial institution attorneys assist clients in resolving matters related to:

Construction Law

Representing clients in the construction industry is an everyday occurrence at Jellum Law. We understand the challenges faced by contractors, material suppliers, and developers and find creative, yet practical, solutions to resolving issues so business can continue to move forward. Jellum Law represents general contractors, subcontractors, material suppliers, architects, and lumberyards, providing pragmatic advice and common-sense solutions. We handle diverse construction-related matters ranging from large and complex industrial and commercial projects to small and medium-sized developments.

Jellum Law is well-equipped to assist its clients with securing mechanic’s lien and construction lien rights in Minnesota and Wisconsin. Should a project fall into default, we are prepared to enforce lien rights, press ahead with foreclosure, and maximize recovery.

Our clients rely on our knowledge of the construction industry and experience with the full range of legal services that may be needed to support their business, including advice and legal representation related to:

Creditors’ Remedies, Bankruptcy, and Financial Restructuring

At Jellum Law, we represent financial institutions, businesses, landlords, contractors, and developers in foreclosures, collateral repossessions, bankruptcies, and workouts throughout the country. Jellum Law attorneys assist our clients in working out distressed transactions to maximize recovery, avoiding litigation when practical, and litigating cases to recover assets and protect the creditor’s interests. We represent secured and unsecured creditors in complex collection and insolvency-related litigation, including matters involving the Uniform Commercial Code, receiverships, foreclosures, and fraudulent transfers. We assist creditors with the following:

Bankruptcy can be a major component of the loan workout structure. Jellum Law attorneys are highly skilled in navigating the nuances of bankruptcy and protecting secured and unsecured creditors interests in Chapter 7, 11, 12, and 13 bankruptcies. We are experienced in:

Financial Institution Operations

Given Jellum Law’s close working relationships with owners, executives, boards of directors, and credit committees, our attorneys have served as trusted advisors during the most challenging of circumstances impacting financial institution operations, including:

Government Guaranteed Lending and SBA Loans

Jellum Law provides a full range of services in processing, closing, servicing, reviewing, auditing, and liquidating all types of United States Small Business Administration (SBA) loans. SBA regulations are continually updated, and we provide thorough training, review, solutions, and advocacy to guide you through these intricate legislative and regulatory processes to help keep your lending department moving forward.

SBA and rural development loans issued through the United States Department of Agriculture (USDA) are unique in their requirements concerning documentation and liquidation management. Jellum Law is known across the country as a leader in
protecting the interests of our lender clients and community banks. We represent lenders issuing government guaranteed loans, including SBA and USDA loans, such as:

Government guaranteed loans must be managed appropriately to protect the rights of the lender and ensure that the government guaranty remains intact. Jellum Law is a leader in providing legal services related to government guaranteed loans throughout the United States. For lenders across the country, we also serve as compliance counsel and advisors, developing effective strategies and managing their execution while adhering to the SBA’s and USDA’s complex rules and regulations.

Creditors’ Rights in Government Guaranteed Loans
Jellum Law is a leader in representing lenders nationwide in government guaranteed loan defaults and liquidations. This experience gives our clients peace of mind knowing that we will assist the lender in complying with the complex government regulations that must be adhered to in order to protect the SBA guarantee.

Litigation

There are times when litigation is inevitable, and when that occurs, Jellum Law has an experienced team of litigators ready to protect the interests of our clients in business, banking and commercial real estate disputes.

 

Banking Litigation

Jellum Law represents financial institutions of every size and scope throughout the country with litigation, loan documentation, enforcement process, and regulatory matters. We are not just litigators who happen to be handling a matter for a financial institution. We are uniquely suited to handle the litigation of cases involving claims and defenses faced by financial institutions today. The attorneys at Jellum Law protect the interest of our clients in virtually every nuance of lending and collection including:

 

Business and Commercial Real Estate Litigation

Jellum Law’s attorneys are particularly attuned to the impact of legal issues on our clients’ business. We take a pragmatic approach to business disputes, putting the long-term health of your business first. Our skillsets, experience in litigation and appeals, effort, and persistence results in successful outcomes for our clients.

Our Business and Commercial Real Estate Litigation Clients:

Likewise, Jellum Law represents businesses, developers, and landowners of single-family dwellings, residential and business condominiums, commercial buildings, manufacturing facilities, office complexes, planned unit development, and residential single-unit or multi-unit housing plats. When it comes to real estate and property development disputes, Jellum Law attorneys have the skills and experience to assist our clients in resolving those disputes. We go toe-to-toe if the matter calls for offensive pursuit or look for creative ways to resolve the matter, keeping legal fees manageable and optimizing potential outcomes.

Jellum Law attorneys have decades of experience serving as effective advocates for our clients in real estate related litigation, including:

Real Estate Transactions

Jellum Law provides the full-range of real estate services to developers, lenders, investors, financial institutions, equity investors, landlords, non-profit organizations, mortgage and investment bankers, and mortgage insurance companies.

Our commercial and residential real estate clients know they can rely on Jellum Law’s team of experienced professionals to deliver what is needed to accomplish their objectives – thoroughly, efficiently and quickly. Our attorneys advise clients on a broad range of real estate matters including:

Our attorneys also have experience advising clients with respect to distressed real estate matters, restructurings, workouts, and foreclosures.

SBA Paycheck Protection Program Loan

In 2020, the world was impacted by the Coronavirus pandemic. During this time the Small Business Administration (SBA) and the U.S. Department of the Treasury, responded to the economic crisis by implementing the Paycheck Protection Program under the CARES Act to provide small businesses with funds to support employers, their employees and communities.

From the inception of this program, Jellum Law was front and center to assist lenders with implementation of the program, guidance on the governing regulations and providing support to fund the large volumes of loans for all sizes of financial institutions.

Hear what clients are saying about the expertise provided during the Paycheck Protection Program:

“Jellum Law has been instrumental in helping our SBA Division become one of the top 10 lenders in MN. Their service is top notch and they are highly reliable. I truly appreciate having them as a trusted partner on our team.” – Manager of SBA Lending, Falcon National Bank

“The wonderful folks at Jellum Law have been extremely valued partners and service providers in the handling of all facets of our SBA Lending processes. We rely upon the guidance, feedback and interpretation of SBA procedures, IFR’s, and program updates that we receive from Jellum Law’s experienced staff. Their knowledge of all SBA lending programs and SOP’s is second to none. Jellum also provided wonderful service as part of our tremendous success with the PPP Program for our clients!” – Rick Zonts, Blackhawk Bank

“As always, working with Nick Jellum and team throughout the SBA PPP process was a pleasure. We received sound advice, prompt responses, and first-class service. Nick’s SBA knowledge is second to none and he helped us gain a solid understanding of the confusing and ever-changing PPP process. By closely working with Jellum Law, we were able to better service our clients.” – Mike Kapps, Tradition Capital Bank

“During the sudden onset of the CARES Act, we like most of our fellow bankers were charged with learning everything we could about the Paycheck Protection Program. Our concerns were understanding the program, setting expectations and efficiently processing applications for our customers all while protecting the bank. We turned to you for our answers. Your team helped us design our process from application to loan docs. The result was a seamlessly smooth process for our customers & staff and the processing of over 300 applications in less than 60 days! Thank you for your guidance, advise and for exceeding our expectations. We truly value our relationship with your firm. Thank you for your expert consulting and over the top service.” – Troy Weathers, Roundbank

“Without the team at Jellum Law, our bank would not have handled these PPP loans as smoothly as we did!! The Jellum team is so knowledgeable about PPP and all things related to SBA lending.” – Tanya Strasser, Roundbank

For more information on the Paycheck Protection Program, please visit:

Access the Communications from Jellum Law Regarding Implementation of the CARES Act:

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Jellum Law 651-439-2951 info@JellumLaw.com
7616 Currell Blvd, Suite 245 - Woodbury, MN 55125