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David W. Starfield

Managing Partner

David is the co-founder and Managing Partner of Starfield & Smith, P.C. David has been actively involved in SBA lending and has been helping lenders to document, close, service and liquidate SBA loans for over 20 years. In his practice, David represents and assists numerous small businesses and hundreds of lenders that participate in SBA’s lending programs, including the National Association of Government Guaranteed Lenders (“NAGGL”). David’s skill as an attorney is of the highest caliber. Martindale-Hubbell gives David its highest rating of “AV” for his legal skill and ethics. His peers have repeatedly voted him a “Super Lawyer” in Philadelphia magazine. David uses these skills on a daily basis to represent the interests of small businesses and the lenders that extend capital to the small business community.

In addition to his law practice, David devotes countless hours to NAGGL as a developer and instructor for several of NAGGL’s most popular courses; as a member of NAGGL’s Technical Issues Committee; as a regular contributor of articles and insights to NAGGL’s monthly newsletter; as a member of the Region III Liaison Committee; and as a frequent lecturer and moderator of roundtable discussions on the latest SBA lending and regulatory issues. Additionally, David serves on NAGGL’s Board of Directors (and its Executive Committee), and has been honored for his contributions to the industry by receiving NAGGL’s Distinguished Service Award, NAGGL’s Instructor of the Year award, and SBA’s Financial Services Champion of the Year award for Eastern Pennsylvania.

David has worked directly with the SBA on seminars, rules and articles. He also frequently travels to Washington, DC in his capacity as a NAGGL Board Member to assist the Agency and Congress in developing policies and proposals to advance the interests of SBA lenders and improve the delivery of financial assistance to small businesses.

ADMISSIONS:
• U.S. Supreme Court
• Pennsylvania
• New Jersey

HONORS/AWARDS:
• 2012 “Distinguished Service Award” – National Association of Government Guaranteed Lenders
• Selected for inclusion in Super Lawyers- Pennsylvania (Banking, Business/Corporate, Real Estate)
• 2009 “Financial Services Champion of the Year” – SBA Philadelphia District
• 2004 “Instructor of the Year” – National Association of Government Guaranteed Lenders
• AV® Preeminent™ Rated by Martindale- Hubbell

MEMBERSHIPS:
• National Association of Government Guaranteed Lenders
• Board of Directors (Executive Committee)
• Technical Issues Committee
• Region III Liaison Committee
• American Bar Association
• Pennsylvania Bar Association

EDUCATION:
• University of Southern California School of Law – J.D.
• Alfred University – B.A.

Contact Information:
Direct Dial: 267.470.1185
Phone: 215.542.7070
Fax: 215.542.0723
Email: dstarfield@starfieldsmith.com
Address: 1300 Virginia Drive, Suite 325
Fort Washington, PA 19034

Publications & Presentations:

  • NAGGL presentation, “Explaining the Critical Policies of SOP 50 10,” October 2014
  • Keynote address “Navigating Changes in the SOP, Responding to SBA Initiatives and Protecting the Guaranty,” Florida Association of Government Guaranteed Lenders (FLAGGL) Conference, 2014
  • Presentation on perfecting guaranty purchase requests, NAGGL SBA Lending Technical Conference, 2014
  • Active participation in the Small Business Lending Summit in Washington, DC, March 2014
  • Article on “Beyond the SOPs: Minimizing the Legal Risks Faced by SBA Lenders,” NAGGL In Focus Newsletter, February 2014
  • Active participation in technical issues presented at NAGGL Leadership Summit, 2014
  • Presentation on SBA’s oversight related to Improper Payment Enforcement Recovery Act, NAGGL Annual Conference, 2013
  • Article on “Will US Tax Court Case Impact Utilizing 401(K) and IRA Rollovers for Equity Injection When Financing SBA Guaranteed Loans?,” NAGGL In Focus Newsletter, August 2013
  • Presentation on guaranty purchase issues, NAGGL SBA Lending Technical Conference, 2013
  • Article on “SBA Continuing to Streamline Rules for Change of Ownership Transactions,” NAGGL In Focus Newsletter, March 2013
  • Active participation in programs presented at NAGGL Leadership Summit, 2013
  • Article on “Proving and Sourcing Equity Injection – A Step by Step Guide for Getting the SBA Loan Guarantee Honored on Early Defaulting Loans,” NAGGL In Focus Newsletter, 2012
  • Presentations on exploring equity injection issues and reviewing the eligibility of franchise agreements, NAGGL Annual Conference, 2012
  • Presentation on guaranty purchase issues, NAGGL SBA Lending Technical Conference, 2012
  • Presentations on “The Ripple Effects of IG Actions on the 7(a) Program,” NAGGL Leadership Summit, 2012
  • Article on “Increased Government Oversight and Its Effect on SBA Lending,” NAGGL In Focus Newsletter, July (Part 1 of 2) and August (Part 2 of 2) 2011
  • Presentations on “Recent Office of Inspector General Reports,” NAGGL Annual Conference, 2011
  • Presentation on guaranty purchase process, NAGGL SBA Lending Technical Conference, 2011
  • Presentations on “Issues in Lender Oversight, Increased Inspector General Activity,” NAGGL Leadership Summit, 2011

Instructor for NAGGL – 2003 to Present:

Co-developed and continues to teach:

  • Closing and Funding the SBA Loan (2-day), 2003 to Present
  • Advanced SBA Loan Documentation & Closing (2-day), 2005 to Present
  • Understanding How to Get SBA to Honor Its Guaranty (1-day), 2008 to Present
  • Ask the Lawyers Webinars, closing and documentation issues, 2010 to Present
  • How to Document Obligor Entities, Webinar, 2014