Course Details

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

Webinar: ID# 1030968
Recorded CD or On-Demand
About This Course:
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.


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
Key Changes In SBA's SOP 50 10 (5)(J) For Standard 7(a) And 504 Loans
or via CD or On-Demand
Course Details
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