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July 15, 2014 |

7(a) Loan Closing Fundamentals Webinar

Date:July 15, 2014

Time:10:00 am

Instructor:  Ethan W. Smith

Three of the most common errors leading SBA to recommend a cancellation, denial, or repair of its guaranty during the purchase process occurs during the time of closing.

The top three errors include:

  1. Unauthorized, improper, uncontrolled, or undocumented disbursement of loan proceeds
  2. Failure to obtain or adequately document a required equity injection
  3. Failure to obtain required collateral or properly perfect lien position

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If you missed the live Webinar, you can still see.  Below is a link to the recording can be found below with a copy of the presentation attached for review at your leisure.  Feel free to share it with your colleagues.  This recording, along with previous webinars, will be available on our website at: SBA West Virginia Lender Resources

Feel free to contact Leo Lopez, Richard Haney, or your local Lender Relations Specialist if you have questions or need assistance with any SBA related issues.  Also, feel free to contact Richard Haney if you have suggestions for future webinar presentations.  A listing of upcoming trainings can be found below.

July 16, 2014 – Intro to SBA Lending – Part I by SBA’s Richmond District Office – 10:00 a.m. Eastern

July 22, 2014 – 1502 Dashboard Training – by Victor Cruz of Colson Services – 11:00 a.m. Eastern
You do not need to pre-register for this webinar. Connection info is as follows:

• Call-in Phone number: (888) 858-2144, enter Access Code: 7102290, when prompted.
• To see the onscreen presentation: go to https://www.connectmeeting.att.com. If prompted to enter a Meeting Room number use the above phone number then enter the access code shown above.

July 23, 2014 – Express Loans by SBA’s Richmond District Office – 10:00 a.m. Eastern

July 30, 2014 – Intro to SBA Lending – Part II by SBA’s Richmond District Office – 10:00 a.m. Eastern

August 14, 2014 – Intro to SBA Lending – Part III by SBA’s Richmond District Office – 10:00 a.m. Eastern

To register for the Richmond webinars email: ford.scott@sba.gov

Click the link to view the recording:   Closing Mistakes that can Cost you your Guaranty

Note: You can view the recording on your PC only.