July 15, 2015 |

Mastering the SBA 7a Loan, Part 2: Documentation, Closing & Funding

Date:July 15, 2015

Time:2:00 pm



The U.S. Small Business Administration’s 7(a) Loan program can be quite profitable, but it is not without its risks and misconceptions. The 7(a) Loan program can help its participants mitigate their credit risk, increase profits, and most importantly, serve their small business community. Compliance with SBA regulations is mandatory to insure success and profitability in the program. This is the second webinar in a three part series on Mastering the SBA 7(a) Loan, which will guide participants through the life of an SBA loan, and provide insight that will insure a better understanding of what it takes to make a 7(a) loan. This session will give an overview of the SBA Authorization and the due diligence requirements contained therein, and the closing and funding of an SBA 7(a) loan. It will cover the procedures and documentation needed: (i) prior to the loan closing, and (ii) at closing, to confirm compliance with the SBA Authorization, which is of vital importance to maintaining the SBA’s guaranty of the loan. Upon completion, participants will have the knowledge to successfully close a SBA 7(a) loan and to move on to the SBA loan Servicing, Liquidation & Guaranty Purchase webinar.

• SBA Guaranty Fee payment requirements.
• The importance of complying with the SBA Authorization.
• Identifying and resolving newly discovered issues.
• Required SBA loan forms.
• Documents that should be obtained at settlement.

o List of links to critical websites and regulations
o Set of required SBA loan forms
o Employee training log (we provide this)
o Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

This informative session is designed for any bank executive, officer or employee responsible for or interested in closing an SBA 7(a) loan in full compliance with SBA requirements or who is interested in deepening his or her understanding of the SBA 7(a) Loan program.

ABOUT THE PRESENTER – Janet M. Dery, Starfield & Smith, PC
Janet M. Dery is a partner in the law firm of Starfield & Smith, P.C. Janet has extensive experience representing financial institutions and companies in connection with government guaranteed lending, commercial lending, real estate, business acquisitions, and corporate law. She is admitted to practice before the Supreme Courts of Pennsylvania, New Jersey and Maryland, and is qualified as a designated closing attorney under the U.S. Small Business Administration’s 504 loan program. In addition, she is a member of the American Bar Association, the National Association of Government Guaranteed Lender (NAGGL), and the National Association of Development Companies (NADCO). From 2007-2008 and 2010-2012, Janet was named a Pennsylvania “Rising Star” by Philadelphia Magazine. She earned her BA degree from The State University of New York in Oneonta, NY and a JD degree from Widener University School of Law in Wilmington, DE.

To register, please email Bev Licata by clicking HERE.