SBA Loan Guarantees: Current Purchase Issues And Complexities
|Date / Time:
Things happen, and without corrective action, recovery is not always guaranteed under the SBA 7(a) loan guaranty program.
Recognition of this fact is the first step toward recovery because it requires you to be on watch and do it right.
This webinar discusses what has happened and ways to correct the unavoidable. If you have any role in making, servicing, or recovering SBA 7(a) loans, this content is for you. Protecting the SBA loan guaranty is crucial. Uncorrected or uncorrectable mistakes result in SBA denying or reducing its guaranty. You must protect yourself at every stage and this class will tell you how.
What to Do When the Rejection Letter Comes (When a Guaranty Is Not a Guaranty)
Determining If the 7(a) Guaranty Purchase Is Being Denied or If a Repair Is Being Sought
- The 7(a) Guaranty Is a Term of Art and Not a Guaranty in the Traditional Sense
Servicing Issues That Get You Into Trouble and How to Avoid Them
- The Difference in a Denial vs. a Repair
- Reasons for Repair or Denial
The 7(a) Guaranty Recovery Process (How to Turn a Denial Into a Repair)
- Liquidation Deficiency Issues
- Site Visit Report Requirements
- Undocumented Servicing Actions Issues
- The Matrix
How Do Secondary Market Issues Affect the Process
- When to Request Purchase
- How to Request Liquidation Transfer Status (Liquidation Plan)
- How to Request Purchase (Sending Electronic Files to SBA)
- The SBA Mandatory 10 Tab
- SBA Charge off Procedures Summary and Suggested Wrap-up Report
- Referral to the U.S. Treasury Offset Program
About The Presenter
- Are You Required to Purchase the Loan Back From the Secondary Market
- If so, When Can You Do It, and When Must You Do It
- What Happens If You Do Not Purchase Loan Back From Secondary Market
Jonathan E. Raulston
- Partner in the office of Engel Hairston & Johanson, PC
- Practices in the areas of creditor rights, foreclosure, workouts, commercial litigation, bankruptcy and collections
- Frequent lecturer on topics including creditor rights, foreclosure, and bankruptcy
- Has handled SBA loan related issues for the past decade
- A member of the Alabama State Bar, American Bar Association, Birmingham Bar Association (chair, Bankruptcy and Commercial Law Section; co-chair, Long Range Planning Committee)
- Listed as a Rising Star in Alabama Super Lawyers
- J.D. degree, University of Alabama School of Law; B.S. degree in health care management, University of Alabama
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