The U.S. Small Business Administration’s 7(a) and 504 loan programs allow community banks to provide access to capital for small business customers that would otherwise not be available. The SBA provides a conditional guaranty of up to 75% of the outstanding balance of the small business loan at the time of default to participating SBA lenders. This webinar will cover how to determine if a small business customer is eligible for SBA lending, how to successfully start an SBA lending program, how to ascertain acceptable uses of proceeds, and pitfalls that can lead to SBA guaranty repairs or denials.
- Understanding different SBA loan products
- How to get started in SBA lending
- Key factors in determining eligibility for 7(a) and 504 loans
- Avoid costly underwriting and closing mistakes
- Insight on servicing and liquidating an SBA loan
- Links to SBA regulations and loan documents
- Set of SBA loan application documents
- SBA Servicing and Liquidation Actions Matrix quick reference
- Employee training log
- NEW – Interactive quiz
WHO SHOULD ATTEND?
This informative session is designed for business development and loan officers, underwriters, loan closers, administrators, and bank executives responsible for, or interested in, understanding SBA loan programs.
PLEASE NOTE: The live webinar option allows you to have one internet connection (from a single computer terminal). You may have as many people as you like listen and watch from your office computer.
ABOUT THE PRESENTER – Kimberly A. Rayer, Esquire, Starfield & Smith, PC
Kimberly Rayer is a partner in the law firm Starfield & Smith, PC, where she concentrates her practice on SBA lending programs, commercial financing, and other secured transactions. She represents lenders and lectures across the country on SBA closings and eligibility and compliance matters.
Kim is admitted to practice before the Supreme Courts of Pennsylvania and New Jersey and the Federal District Court for the Eastern District of Pennsylvania. In addition, she is a member of the American Bar Association and the National Association of Government Guaranteed Lenders (NAGGL) and was named as a Pennsylvania “Rising Star” by Philadelphia Magazine. She received a Bachelor’s from Drexel University and a JD from the James E. Beasley School of Law, Temple University.