As industry lending standards continue to evolve, navigating the commercial lending process can be particularly challenging. Preti Flaherty’s experienced Banking group guides lenders and borrowers through every aspect of the commercial lending process.  Our versatile transactional attorneys are adept at anticipating the challenges of our clients and offer innovative and strategic approaches to achieving their respective financing and business goals.

Our attorneys practice in all areas of the banking and financial services industry, routinely advising clients on real estate lending, asset-based lending and equipment lease financing matters.  This work includes corporate lending for working capital, capital expenditures, lenders' local counsel representation, and real estate lending for the acquisition and construction of projects in the retail, office, hospitality and industrial sectors. 

Each attorney in our Banking group brings broad experience in various areas of the banking industry and is well-versed in structuring secured transactions involving all types of assets, including receivables, inventory, equipment, real estate, fixtures, timber, intellectual property, farm products and securities and other instruments.   Experienced with complex commercial loan facilities, Preti Flaherty counsels clients on new market tax credit transactions, historic tax credit transactions, SBA 7(a) and 504 transactions, HUD, FAME, Farm Credit, Rural Development and other government-supported loans.

Our clients include corporate and non-corporate borrowers, banks, credit unions, financial companies, insurance companies and other large and small lenders throughout New England.  As part of a multi-disciplinary firm, our Banking team regularly partners with members of the firm’s Bankruptcy and Public Finance groups, as well as our in-house title insurance agency, Charter Title Company, LLC, to provide clients with comprehensive and effective tools for meeting their business goals.

Bankruptcy, Creditors’ Rights & Business Restructuring

The services offered by the Banking group are complemented by Preti Flaherty’s Bankruptcy team, which focuses on business restructuring, formal bankruptcy proceedings and creditors’ rights litigation. Our Bankruptcy practice is one of the largest and most experienced in northern New England, routinely representing secured and unsecured creditors, DIP lenders, purchasers and sellers of claims and acquirers of distressed companies, creditor committees, bank groups, debtors-in-possession and Bankruptcy Trustees.

Public Finance

Municipal law, securities and federal income tax law are among the services provided by Preti Flaherty’s Public Finance practice.  We regularly represent both government and quasi-governmental entities, conduit borrowers, hospitals, universities and other 501(c)(3) nonprofit organizations and manufacturing enterprises, underwriters and letter of credit banks in a wide variety of public finance transactions.  Preti Flaherty is listed in the Bond Buyer's Municipal Marketplace directory (the "red book") and is listed as approved bond counsel by the Maine Municipal Bond Bank, the New Hampshire Municipal Bond Bank and the United States Department of Agriculture, Rural Development.  

Charter Title Company

Charter Title Company, LLC, a wholly owned subsidiary of Preti Flaherty, is a respected agent for a number of national title insurance companies and works closely with the firm’s Banking team to provide title insurance and closing services for commercial transactions.  Charter Title Company, LLC also partners with the firm’s Real Estate practice, a team of attorneys handling diverse real estate transactions for businesses of all sizes throughout New England and beyond, to ensure that our clients' real estate transactions are in compliance with relevant state and federal regulations and meet their business objectives.

Firm Highlights

News

Preti Flaherty Joins Maine Justice Foundation for Racial Justice Fund

As part of our ongoing efforts to promote racial justice, Preti Flaherty has joined with the Maine Justice Foundation and other local businesses and philanthropists to create the Racial Justice Fund . Each of the 22 founders...

Publication

Legislative Alert: Economic Recovery Grant Program Update

On Thursday, August 20, 2020, Governor Janet Mills announced the launch of the newly established Maine Economic Recovery Grant Program – a state-based approach to help support struggling Maine businesses and nonprofit organizations that...

Press Coverage

Portland-Based Education Nonprofit Sued For Study Abroad Refunds

A class-action suit has been filed against CIEE on behalf of thousands of college students who were denied any refund of tuition, room and board, and other fees for Spring 2020 study abroad programs...

Event

N.H. Virtual Employment Law Summit Series: Options for Dealing with Your Employees' COVID-19 Challenges

For over 25 years, Preti Flaherty's Employment Law Group has been keeping clients, business partners and friends up to date on recent employment law developments through our annual Employment Law Summits. Earlier this summer...

Event

N.H. Virtual Employment Law Summit Series: Managing a Safe Return to Work

For over 25 years, Preti Flaherty's Employment Law Group has been keeping clients, business partners and friends up to date on recent employment law developments through our annual Employment Law Summits. Earlier this summer...

News

Federal Indictments Follow Long-Running Antitrust Class Action in Ready-Mix Concrete Industry

Yesterday, the U.S. Department of Justice announced that a federal grand jury in Savannah, Georgia, indicted a ready-mix concrete company and four individuals for fixing prices, rigging bids, and allocating customers and markets in...

Publication

It's Time to Fight Back Against Illegal State and Local Cannabis Laws

Matt Warner, of Preti Flaherty's Cannabis Business Practice Group, has authored an article for Cannabis Business Executive  on the constitutionality of state residency requirements for obtaining a license to operate a cannabis-related business, how such...

Publication

Maine Workers' Comp Alert: Update on Appellate Division Findings on Notice of Injury Requirements

Maine WC Appellate Division Affirms Decision Finding Untimely Notice of Injury; Reiterates Requirements for Timely Notice As background, the notice period is 90 days for dates of injury between January 1, 1993, and January...

Event

Maine Virtual Employment Law Summit Series: Options for Dealing with Your Employees' COVID-19 Challenges

For the past 26 years, Preti Flaherty's Employment Law Group has been keeping clients, business partners and friends up to date on recent employment law developments through our annual Employment Law Summits. Earlier this...

Press Coverage

Washington Cannabis Company Says Oklahoma Residency Rules Unconstitutional

Oklahoma has become the latest battleground in the growing challenge to state residency requirements for cannabis business licenses. As has happened in Maine and other states, a nonresident business has initiated a suit against...