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

Webinar: ID# 1013270
Recorded CD
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Fundamentals of SBA Lending: Documenting, Closing and Funding the SBA Loan
About This Course:
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 live webinar 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.

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.

Agenda:

Agenda

Overview of 7(a) Programs

  • Programs Available
  • Types of Processing
  • Purpose - Use of Proceeds
  • Eligibility
  • Loan Terms

Documenting SBA Loans

  • Credit Standards
  • Collateral
  • Appraisals and Environmental Policies
  • Basic Loan Conditions and Requirements

Closing and Funding SBA Loans

  • Collection and Review of Due Diligence Items
  • Review of Third-Party Reports
  • Common Roadblocks

Servicing

  • Monitoring
  • Servicing Actions

Faculty

Thomas L. Hofstetter, Schenck, Price, Smith &King, LLP

  • Principal at Schenck, Price, Smith &King LLP in Florham Park, New Jersey, chair of the firm's Banking Practice Group and member of Workout Restructuring Practice Group and Corporate Law Group
  • Practice focuses on representing commercial lenders in loan transactions and other commercial matters
  • Experience crosses a broad spectrum of lending areas, including real estate and asset-based secured loans, construction loans, foreclosures and loan workout arrangements
  • Member of the National Association of Government Guaranteed Lenders (NAGGL) 7(a) Trade Origination serving as chair of Region II Regional Liaison Committee, member of Technical Issues Committee and instructor for the organization
  • Member 504 National Association of Development Companies (NADCO) 504 Trade Organization
  • Regularly presents in person and online seminars, and conducts training sessions for clients regarding all aspects of closing commercial loans and SBA loans, including annual updates on the SBA SOPs
  • Represents several national and community lenders with regard to 7(a) and 504 loans, designated counsel for several 504 Certified Development Companies (CDC)
  • Former general counsel of a community bank and section chief for the Federal Deposit Insurance Corporation

Who Should Attend

This audio conference is designed for presidents, vice presidents, branch managers, lending and loan officers, brokers, loan department personnel, credit and collection managers, accountants and attorneys.

Continuing Education Credit

Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit. Only registered and paid attendees will receive continuing education credit. Certificates of Completion are provided to each registered attendee. Your certificate will be emailed to you within two weeks following completion of the program.

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