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Course/Product Description
Title:

Key Changes In SBA's SOP 50 10 (5)(J) For Standard 7(a) And 504 Loans

SKU:WC-1030968
Date / Time: Recorded
Format: Webinar
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Description:

At least annually, SBA (U.S. Small Business Administration) issues changes to its SOP 50 10(5), Lender and Development Company Loan Programs. The latest changes effective January 1, 2018 in Version (J) are significant and numerous.

This webinar assists SBA 7(a) Lenders and CDCs to understand and implement the key changes both for processing and closing SBA Loans.

AGENDA

Major SOP Changes for Standard 7(a) and 504 Loans

  • Affiliation
  • No Credit Available Elsewhere
  • Eligible and Ineligible Borrowers
  • Prior Loss to Government and CAIVRS Notice to Small Business and Guarantors
  • Changes in EPC/OC Loans
  • Required Guarantors
  • Changes to SBA's Environmental Policies and Procedures
  • Changes for Insurance Requirements
Major Sop Changes Specific to 7(a) Loans
  • Changes in Equity Injection Requirements
  • Seller Debt and Standby
  • Fees
  • Reporting to Credit Reporting Agencies
Major SOP Changes Specific to 504 Loans
  • Borrower Contribution and Multiple Special-Purpose Properties
  • SBA Maximum Lending for Energy Public Policy Goal Projects
  • Changes to Debt Refinancing Without Expansion
  • Appraisals
  • Intercreditor Agreements With Third Party Lenders
  • Timing for No Adverse Change Findings
  • SBA Form 159 (504) and Use of Agents
About The Presenter

Janice E. Garlitz
  • President of Janice E. Garlitz, P.C.
  • Practice focuses on business law with an emphasis on commercial lending, SBA 504 and 7(a) financing, and real estate and secured transactions
  • Designated 504 Closing Counsel for several CDCs, and lender’s closing counsel for more than twenty national and community banks
  • 30+ years closing SBA 7(a) Loans, 18+ years closing SBA 504 Loans, 18+ years teaching SBA Loan Closing and adult education courses
  • Instructor since 1995 for 7(a) Loan Closing, 504 Loan Closing, and 504 Loan Closing Update Courses
  • Conducts webinars on numerous SBA topics such as Affiliation, Insurance Requirements, and 504 Debt Refinancing without Expansion
  • Author of 504 Loan Closing and Forms Manuals, E-Bulletins on SBA regulatory and technical matters, and numerous webinars on SBA lending
  • Clerk for the Honorable J. Dickson Phillips, Jr., U.S. Court of Appeals for the Fourth Circuit
  • Member of Arizona, District of Columbia, Georgia, Montana, Tennessee and Virginia Bars and numerous courts
  • J.D. degree, University of Virginia; A.B. degree, Cornell University with Distinction in All Subjects


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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