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

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

Learning Objectives:

1. Purposes of 504 and 7(a) Loan Programs
2. SBA Loan Structures
3. Source of Loan Funds
4. Types of CDCs and 7(a) Lenders
5. Maximum SBA Lending Limit
6. Maximum SBA Guaranty Amounts and Percentages
7. Eligible and Ineligible Borrowers and Use of Loan Proceeds
8. Loan Maturities and Interest Rates
9. Collateral
10. 504 Loan Job Creation and Economic Development Criteria
11. Requirements for 504 Loans

This course and all 504 Loan Closing and 7(a) Loan Closing courses were produced with a partner and are not included in any of our unlimited CLE subscriptions.