Date: April 23, 2013
Time: 3:00pm - 4:30pm
In today’s economic climate, the U.S. Small Business Administration (SBA) loan programs continue to be one of the primary outlets for credit unions and other lending institutions to provide capital to their small-business members and, at the same time, secure a 50% to 85% loan guaranty from the federal government. While the program can be quite profitable, it is not without risks. Compliance with SBA regulations is mandatory to ensure success and profitability. Due to numerous changes over the last year, it is critical to understand the new rules and current interpretations of regulations in order to make the SBA loan programs work for you.
Continuing Education: Attendance verification for CE credits upon request
- Eligible uses of loan proceeds in EPC/OC transactions
- Change of ownership – stock purchases/redemptions
- Key technical issues
- Allowable legal fees
- Allowable fees for packaging and other services
- Debt refinancing
- Post-approval loan modifications
- Changes to Small Loan Advantage Program
- TAKE-AWAY TOOLKIT
- Links to key information on the SBA website, including the most-recent version of the SOP 50 10, SBA forms, and SBA policy notices
WHO SHOULD ATTEND?
This informative session is designed for business development officers, loan closers, loan portfolio managers, loan administrators, SBA lending department managers, and other personnel responsible for origination, closing, and servicing SBA loans.