Mastering the SBA 7a Loan, Part 3: Servicing, Liquidation & Guaranty Purchase
Date:August 26, 2015
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 third 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 final webinar will give an overview of the requirements for successfully servicing and liquidating you SBA 7a loan portfolio and will provide detail for the SBA’s process for reviewing guaranty purchase requests. Participants will receive insight and tips for how to avoid costly mistakes in the servicing, liquidation and guaranty purchase phases of an SBA loan. Upon completion, participants will have the foundation to successfully service and liquidate their SBA 7a loan portfolios and will be sensitive to issues that could jeopardize the loan guaranty.
• SBA requirements for servicing and liquidation
• SBA requirements for submitting a compliant guaranty purchase request
• Process overview and timelines
• Expense recovery
• Offers in Compromise
• Highlight common pitfalls that jeopardize the SBA loan guaranty
o SBA Servicing and Liquidation Actions Quick Reference Matrix
o SBA 10 Tab Purchase Demand Kit
o SBA Care and Preservation of Collateral Tabs
o Offer in Compromise Tabs and Format
o Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND?
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 – Ethan W. Smith, Starfield & Smith, PC
Ethan W. Smith is a partner in the law firm of Starfield & Smith, P.C., where his areas of practice focus on government guaranteed lending, commercial lending, banking, real estate and commercial law. Ethan has closed thousands of government guaranteed loans on behalf of his lender clients, assists lenders nationwide with SBA guaranty purchase issues and has been retained as an expert witness on SBA related litigation matters. Ethan is a licensed title insurance agent for Chicago Title and Fidelity National Title in both Pennsylvania and New Jersey. He is a member of the National Association of Government Guaranteed Lenders (NAGGL) and is a frequent speaker and serves as a member of its Associate Member Committee. Ethan is also an affiliate member of the National Association of Development Companies (NADCO), is a member of its Attorney Advisory Council and is qualified as a designated closing attorney for the SBA 504 Program. During the years 2005-2011, Ethan was honored by being named a Pennsylvania “Rising Star” by Philadelphia Magazine and is rated by Martindale Hubbell as an “AV Preeminent” attorney. He earned his B.A. degree from Johns Hopkins University, Baltimore, Maryland and J.D. degree from the College of William and Mary School of Law.
To register, please email Bev Licata by clicking HERE.