SBA Loan Training for Lenders

The United States Small Business Administration (SBA) provides a guaranty to lenders as a way of making credit more widely available to the small business owners who need it.  The guaranty is usually a percentage of the loan amount, and if lenders don’t comply with the SBA’s stringent regulations, this percentage may be reduced or eliminated if the loan defaults.  In order to protect the government guaranty, SBA lenders must stay up to date on the continuous changes to the SBA’s regulations, requirements, and guidelines.  Not only that, but they must also ensure that every loan is serviced in a consistent manner for every single customer.  Failure to do so can result in loss of guaranty, costly and time-consuming audits, or even enforcement actions by SBA’s Office of Credit Risk Management, SBA’s Office of Inspector General, or the Department of Justice.

While you may have already developed your own SBA loan policies and procedures, they may not cover everything the SBA is looking for in a proper loan process.  If you want to ensure  compliance with all current SBA rules, regulations and guidelines, SBA training for lenders from Starfield & Smith can help you get you and your employees up to speed on all recent developments and help you prepare for future changes.  Our attorneys are uniquely qualified to provide SBA lender training to help lenders protect their SBA loan guaranties and maintain a thriving SBA loan program.  We provide custom in-house SBA lender training and web-based SBA training to our clients that is both cost-effective and highly productive.

If you’re a bank, credit union, or non-bank lender interested in SBA training for lenders, SBA lender assistance, or general commercial lending training, you can reach us at (215) 542-7070, at info@starfieldsmith.com, or by visiting our contact page.  SBA training for lenders is critical, so be sure your policies and procedures are in compliance.

Proper SBA loan documentation starts before any documents are signed, so every SBA lender needs to have internal procedures in place to dictate every step from start to finish.  Without SBA lender training and an SBA loan servicing matrix, you could be making crucial mistakes that could result in your SBA guaranty amount being reduced or even eliminated.  Without effective SBA loan training for lenders, you could potentially lose your ability to provide SBA loans altogether.  Starfield & Smith can assist you with training for all steps of the loan documentation and closing process, including but not limited to:

• Basics of the SOP 50-10
• Closing and Funding the SBA Loan
• Advanced SBA Loan Documentation and Closing
• Creating Efficiency in SBA Lending
• Getting the SBA to Honor its Guaranty
• Preparing for your SBA Audit
• Responding to SBA Oversight and Enforcement Actions

Of course, SBA loan program requirements are constantly evolving, which is why it’s a good idea to give your staff the SBA training they need to stay up-to-date.  Starfield & Smith also offers the following training sessions and webinars, hosted by our experienced SBA attorneys:

• Changes in the SBA 7(a) Loan Authorization
• Streamlined SBA Closings
• SBA Franchise Eligibility Issues
• Business Acquisition Issues on SBA 7(a) and 504 Loans
• SBA Appraisal and Environmental Regulations
• SBA OIG Reports – Case Studies on Protecting the SBA guaranty
• SBA 504 vs. 7(a) Lending
• In-Depth Title Insurance Principles
• Developing Comprehensive SBA Loan Policies and Procedures
• Using the SBA Lender 7(a) Servicing and Liquidation Actions Matrix
• Protect… Then Defend Your SBA Guaranty from “Gotchas”
• The SBA Guaranty Purchase Process and Preserving the SBA Guaranty
• SBA 504 SBA Lender Training for Interim and Permanent Lenders
• Proving a Borrower’s Equity Injection

Whether you are a bank, a credit union, or a non-bank lender providing SBA loans, the SBA’s guaranty is your most important piece of collateral.  Protect it by giving your staff proper SBA compliance training that will allow your staff to consistently utilize correct SBA procedures and stay up-to-date on the latest industry developments and best practices.  If you need any kind of SBA training or SBA lender assistance, call (215) 542-7070, email  info@starfieldsmith.com, or visit our contact page and fill out the online form.  We serve clients nationwide.

While all of us at Starfield& Smith are proud of our SBA lender training programs, we can do so much more for you than just provide SBA training.  We can also offer other forms of SBA lender assistance including help with obtaining SBA lender licenses, SBA compliance audits and process reviews, SBA loan modifications, focused regulatory compliance reviews, and SBA creditor’s rights protection. Get in touch with us for any type of SBA lender assistance or SBA lender training.