On Demand Audio Audio Only

SBA Loan Closings (Session 1): An Overview of the SBA 504 and 7(a) Loan Programs (Audio Only)

Produced on March 17, 2020

Taught by
$ 299 504 Loan Closing and 7(a) Loan Closing In Stock
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Course Information

Time 3h
Difficulty Intermediate
Topics covered in this course: 504 Loan Closing 7(a) Loan Closing

Course Description

This program can be taken individually, as Chapter 1 of the 504 Loan Closing Course or as Chapter 1 of the 7(a) Loan Closing Course. This program is designed for attorneys and paralegals, CDC managers and staff, and bankers and bank counsel engaged in closing SBA Loans, especially 504 or 7(a) Loans, or interested in learning more about integrating the closing process with loan eligibility and packaging and loan servicing. 

This program discusses the following topics:

  • Purposes of 504 and 7(a) Loan Programs

  • SBA Loan Structures

  • Source of Loan Funds

  • Types of CDCs and 7(a) Lenders

  • Maximum SBA Lending Limit

  • Maximum SBA Guaranty Amounts and Percentages

  • Eligible and Ineligible Borrowers and Use of Loan Proceeds

  • Loan Maturities and Interest Rates

  • Collateral

  • 504 Loan Job Creation and Economic Development Criteria

  • 504 Borrower Contribution

  • Specific 504 Project Costs

  • Overview of 504 Loan Closing

  • Overview of 504 Debenture Funding, Post-Funding and Loan Repayment

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.

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

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.