504 Loan Closings: 2022 Update Course

Streams live on




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 2022. 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 2022 include: 

  • Changes in SOP 50 10 6 Development Company Loan Program 

  • Changes in Economic Aid Act

  • Top Issues in Complete File Review Errors

  • Changes in Eligible and Ineligible Businesses 

  • Amending Authorization for Debenture Guarantee

  • Changes in Guarantors

  • Changes in EPC/OC requirements including Change in Ownership, Rent and Occupancy

  • Dividing LLCs, ESOPs, Cooperatives and 401(k) Plans

  • Confirming Ownership

  • Changes in Ongoing SBA Guarantee Fee 

  • Documenting Use of Proceeds

  • Payoff of Interim Financing

  • Intercreditor Agreements

  • Changes Debt Refinancing with and 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) and SAM Exclusions

  • Designated Attorney Requirements

  • EIDL Subordinations

  • ALP Express

Learning Objectives:

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 when notified of registrations.

Please note that there will be a 10-minute break from 11:30 a.m. to 11:40 a.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.

Gain access to this course, plus unlimited access to 1,700+ courses, with an Unlimited Subscription.

Explore Lawline Subscriptions