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Fundamentals of SBA Lending: Documenting, Closing and Funding the SBA Loan
August 10 @ 1pm | Live Webinar | CAC, CBC, CLE, CPE, NASBA Credit

Don't risk a denial - get the details you need to prepare successful SBA loans.

At one time SBA loans were considered loans of last resort because of the complexities and nuances of SBA requirements and closing process. As credit standards have tightened, government guaranteed loans have gained prominence whereby lenders appreciate the credit enhancements provided through SBA programs to provide to credit facilities as well as fee income earned on SBA loans sold in the secondary marketplace. While these programs are readily available and encouraged by the SBA, they can be complicated for lenders. The topic will walk you through the details you need to know to prepare successful SBA loans. If a SBA loan is not properly documented, closed and serviced, it could lead to a partial or full denial of the guaranty in the event of a default with respect to a 7(a) loan or result in the failure of lenders interim loan to be refinanced with a 504 loan debenture. You will learn who's eligible for loans, the different programs available (Standard 7(a) Loan Processing, Certified Lender Program), Preferred Lender Programs, 504 Loan Program, how the process works, what you need to document, and how to avoid common pitfalls.

Attendees will learn:

* to review 7(a) and 504 programs
* to discuss SBA authorization
* to identify capital injection requirements
* to explain closing and funding SBA loans

Thomas L. Hofstetter Thomas L. Hofstetter
Schenck, Price, Smith & King LLP


* Principal at Schenck, Price, Smith & King LLP in Florham Park, New Jersey, chair of the firm’s Banking Practice Group and member of Workout Restructuring Practice Group and Corporate Law Group

* Practice focuses on representing commercial lenders in loan transactions and other commercial matters

* Experience crosses a broad spectrum of lending areas, including real estate and asset-based secured loans, construction loans, foreclosures and loan workout arrangements

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