August 2, 2011
Firm News for August 2011: David Starfield and Christopher Evans to Present the Webast, “SBA Loan Guarantees: Current Purchase Issues and Complexities”
In the current economy, many lenders are looking to the credit enhancement offered by the U.S. Small Business Administration’s Government Guaranteed lending programs to keep capital flowing to America’s small businesses. While the many benefits of the programs may be appealing to lenders, an understanding of the guaranty purchase process and the pitfalls which lenders fall victim to, resulting in discounts and denials of these same loan guarantees, is more important now than ever. As the oversight standards of the SBA tighten, lenders need the knowledge to ensure their loan guarantees will be honored by the SBA.
This program is designed for presidents, vice presidents, branch managers, lending and loan officers, brokers, loan department personnel, credit and collection managers, accountants and attorneys.