David W. Starfield | Senior Counsel

David oversees the closing and documentation of SBA loans; reviews lenders’ SBA policies and procedures; provides advice on guaranty purchase matters; advises on technical questions pertaining to SBA loan eligibility; and notifies lenders and their in-house counsel of changes in SBA rules and regulations.

David is a co-founder and Senior Counsel of Starfield & Smith, P.C. In his legal capacity, David has been actively involved in all aspects of SBA lending for over 30 years. David represents and assists hundreds of lenders that participate in SBA’s lending programs.

  • SBA Financial Services award recipient
  • Counsel to the National Association of Government Guaranteed Lenders’ (“NAGGL”) Board of Directors
  • Life Fellow of the ABA’s American Bar Foundation for contributions to the legal profession
  • Writer, Instructor, Developer and Presenter of NAGGL courses and conference sessions

David oversees the closing and documentation of SBA loans; reviews lenders’ SBA policies and procedures; provides advice on guaranty purchase matters; advises on technical questions pertaining to SBA loan eligibility; and notifies lenders and their in-house counsel of changes in SBA rules and regulations.

David is the proud grandfather of Harrison, Marley and Elijah. David and his wife Pam love hiking in the Berkshires, going to the movies, traveling, and spending much of their free time with their adorable grandchildren.

David W. Starfield | Senior Counsel

David W. Starfield Starfield and Smith Attorneys

David oversees the closing and documentation of SBA loans; reviews lenders’ SBA policies and procedures; provides advice on guaranty purchase matters; advises on technical questions pertaining to SBA loan eligibility; and notifies lenders and their in-house counsel of changes in SBA rules and regulations.

David is a co-founder and Senior Counsel of Starfield & Smith, P.C. In his legal capacity, David has been actively involved in all aspects of SBA lending for over 30 years. David represents and assists hundreds of lenders that participate in SBA’s lending programs.

  • SBA Financial Services award recipient
  • Counsel to the National Association of Government Guaranteed Lenders’ (“NAGGL”) Board of Directors
  • Life Fellow of the ABA’s American Bar Foundation for contributions to the legal profession
  • Writer, Instructor, Developer and Presenter of NAGGL courses and conference sessions

David oversees the closing and documentation of SBA loans; reviews lenders’ SBA policies and procedures; provides advice on guaranty purchase matters; advises on technical questions pertaining to SBA loan eligibility; and notifies lenders and their in-house counsel of changes in SBA rules and regulations.

David is the proud grandfather of Harrison, Marley and Elijah. David and his wife Pam love hiking in the Berkshires, going to the movies, traveling, and spending much of their free time with their adorable grandchildren.

Representative Matters Highlights

Involvement with virtually all facets of SBA lending for our hundreds of clients

Counsel for NAGGL

Instructor for NAGGL and co-developer of its Advanced SBA Loan Documentation & Closing, How to Get SBA to Honor its Guaranty, and Closing and Funding courses

Speaker at conference breakout sessions, presenter of webinars to NAGGL members, and contributor of articles for NAGGL’s In Focus publication

Past recipient of the SBA Financial Services Champion of the Year award (Eastern PA), NAGGL’s Distinguished Service Award, and NAGGL’s Instructor of the Year Award

“Life Fellow” of the ABA’s American Bar Foundation for his contributions to the legal profession

Admissions

  • Supreme Court of the United States
  • Pennsylvania
  • New Jersey

Education

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

Memberships

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

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

Publications

  • “Proving and Sourcing Equity Injection Under the SOP 50 10 5 (J), Including a Guide for Getting the SBA Loan Guarantee Honored on Early Defaulting Loans,” NAGGL Newsflash, 2018
  • “Documenting Ownership Under SOP 50 10 5 (K),” NAGGL Newsflash, 2019
  • “Practices Designed to Enhance the Small Business Concern’s Loan Closing Experience,” NAGGL In Focus Newsletter, 2016
  • “Beyond the SOPs: Minimizing the Legal Risks Faced by SBA Lenders,” NAGGL In Focus Newsletter, February 2014
  • “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
  • “SBA Continuing to Streamline Rules for Change of Ownership Transactions,” NAGGL In Focus Newsletter, March 2013