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Sponsored by Lorman Education
Product ID: 404920EAU
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Fundamentals of SBA Lending: Documenting, Closing and Funding the SBA Loan

OnDemand Webinar (96 minutes)

Don't 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 who's 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.


Heidi K. Hoffman-Shalloo, Schenck, Price, Smith & King LLP Thomas L. Hofstetter, Schenck, Price, Smith & King LLP


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