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
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 11:00am to 11:10am EST.
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