On Demand Audio

SBA Loan Closings (Session 5): Project Cost, Borrower’s Contribution, Fees and Use of Proceeds in SBA 504 Loans

Produced on September 20, 2016

Taught by
$ 59 504 Loan Closing In Stock
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Course Information

Time 60 minutes
Difficulty Intermediate

Course Description

This program can be taken individually or as Chapter 5 of the 504 Loan Closing Course designed for attorneys and paralegals, CDC managers and staff, and bankers and bank counsel engaged in closing SBA 504 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:

  • Eligible Project Costs and Administrative Costs
  • Borrower Contribution (cash or equity) and borrowed contributions
  • Mandatory increased Contribution for new businesses and special-purpose properties
  • Costs in excess of Project Costs
  • Borrower Guarantee Fee and CDC Fee
  • Evidence of Use of Proceeds 

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

Credit Information

This course is pre-approved for CLE credit in the following states. If your state is not listed, contact support for more information on how to receive credit

Lawline reports attorney attendance in select states. View more about CLE reporting .

Faculty

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.