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Fundamentals of SBA Lending: Documenting, Closing and Funding the SBA Loan - Webinar

  • ID: 3765164
  • Webinar
  • February 2019
  • Region: Global
  • 90 pages
  • Lorman Business Center, Inc.
Dont risk a denial get the details you need to prepare successful SBA loans.

At one time SBA loans were considered loans of last resort because of the complexities and nuances of SBA requirements and closing process. As credit standards have tightened, government guaranteed loans have gained prominence whereby lenders appreciate the credit enhancements provided through SBA programs to provide to credit facilities as well as fee income earned on SBA loans sold in the secondary marketplace. While these programs are readily available and encouraged by the SBA, they can be complicated for lenders.

The topic will walk you through the details you need to know to prepare successful SBA loans. If a SBA loan is not properly documented, closed and serviced, it could lead to a partial or full denial of the guaranty in the event of a default with respect to a 7(a) loan or result in the failure of lenders interim loan to be refinanced with a 504 loan debenture. You will learn whos eligible for loans, the different programs available (Standard 7(a) Loan Processing, Certified Lender Program), Preferred Lender Programs, 504 Loan Program, how the process works, what you need to document, and how to avoid common pitfalls.

Learning Objectives
  • You will be able to review 7(a) and 504 programs.
  • You will be able to discuss SBA authorization.
  • You will be able to identify capital injection requirements.
  • You will be able to explain closing and funding SBA loans.
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Overview of 7(a) and 504 Programs
  • Programs Available
  • Types of Processing
  • Purpose - Use of Proceeds
  • Eligibility
  • Loan Terms
  • Overview of SBA SOP 50 10
Documenting SBA Loans
  • SBA Authorization
  • Credit Standards
  • Capital Injection Requirements
  • Collateral
  • SBA Closing Requirements
  • Basic Loan Conditions
Closing and Funding SBA Loans
  • Collection and Review of Due Diligence Items
  • SBA Closing Forms
  • Review of Third-Party Reports
  • Common Roadblocks
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Heidi K. Hoffman-Shalloo - Schenck, Price, Smith & King LLP, Thomas L. Hofstetter - Schenck, Price, Smith & King LLP
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This webinar is designed for presidents, vice presidents, branch managers, lending and loan officers, brokers, loan department personnel, credit and collection managers, accountants and attorneys.
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