On Demand Audio Audio Only

504 Loan Closings: 2020 Update Course (Audio Only)

(51 reviews)

Produced on March 16, 2020

Taught by
$ 299 504 Loan Closing In Stock
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Course Information

Time 3h 7m
Difficulty Intermediate
Topics covered in this course: 504 Loan Closing

Course Description

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 2020. 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 2020 include: 

  • 25-Year Debentures

  • 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

  • Confirming Ownership

  • Documenting Use of Proceeds

  • Changes in New Business and Special-Purpose Properties

  • Payoff of Interim Financing

  • Intercreditor Agreements

  • 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

Learning Objectives:
  1. 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.

Please note that there will be a 10-minute break from 3:50 p.m. to 4:00 P.M EST.

*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.

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


Janice E. Garlitz

Janice E. Garlitz, PC

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.


Patricia P.

I always know Jan will provide a thorough and up to date presentation....thank you

Michael M.

Jan does a great job addressing not only the very technical requirements (as updated) but also providing a practical analysis of issues and help-points.

J. Brian H.

Required of Certified SBA Lending Attorneys

Raphael R.

Jan is the the SBA 504 Guru!

Jane P.

Jan Garlitz has the best written materials!

Daniel T.

Thanks Jan! Another great course.

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