This is a Partner Course. Lawline has teamed up with this faculty member to produce this premium CLE content. As such, this course is not included in subscription access and must be purchased separately.
In partnership with Janice E. Garlitz*, this program:
Is accredited for Continuing Legal Education (CLE) credit in the states listed on this page
Is approved by the U.S. Small Business Administration (SBA) for Designated Attorneys
Contains course materials that are SBA-approved
The U.S. Small Business Administration (SBA) requires Designated Attorneys approved by SBA to close SBA 504 Loans to attend an SBA-approved Closing Update Course every 2 years. This course will fulfill that requirement for 2019. The program also is very useful for CDC (SBA-certified development company) Closing Staff and Non-Designated Attorneys who want the latest information on 504 Loan closings. The course covers all changes affecting 504 Loan closings since 2016 as well as advanced topics and tips in handling such closings.
Topics for 2019 include:
Change in Job Numbers per Dollar Guaranteed by SBA
Changes in SOP 50-10(5) Development Company Loan Program Versions (J) and (K)
Historic Rehabilitation Tax Credits
Changes in Maximum 504 Loan Amount for Energy Projects
Amending Authorization for Debenture Guarantee
Changes in Guarantors
Changes in EPC/OC requirements including Change in Ownership, Rent and Occupancy
Documenting Use of Proceeds
Changes in New Business and Special-Purpose Properties
Payoff of Interim Financing
Debt Refinancing without Expansion
CDC Lien Instruments and Title Insurance
Lease Subordinations and Nondisturbance, Tenants and Residential Space
Changes to Insurance Requirements
Changes to SBA's Environmental Policy
Changes for Appraisals
Construction and Zoning Requirements
Compensation Agreements (SBA Form 159)
Franchise Agreements and Management Agreements
Designated Attorney Requirements
The purpose of the 504 Loan Closing Update Course is to update attorneys and CDC closing staff on recent changes to the 504 Loan Program and statutory, regulatory and legal developments that affect loan closings
Registrants: Please note that faculty Jan Garlitz will send any materials not attached to this course within two business days.
*This course and all 504 and 7(a) Loan Closing courses were produced with a partner and are not included in any of our unlimited CLE subscriptions.
Janice E. Garlitz is a Designated Attorney with 19 years of experience creating, updating and teaching the 504 Loan Closing and 504 Loan Closing Update Courses. She serves as Closing Counsel for multiple CDCs and has 27 years of experience closing 504 and 7(a) SBA loans as well as 24 years of experience teaching adult legal education courses.
Jan does a fantastic job each and every time.
Jan is great!!!
Jan Garlitz is fantastic.