On Demand Audio Audio Only

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

Produced on March 18, 2020

Taught by
Janice E. Garlitz
$ 59 504 Loan Closing In Stock
Get started now

$299 / year - Access to this Course and 1,500+ Lawline courses

or

Course Information

Print
Time 73 minutes
Difficulty Intermediate
Categories 504 Loan Closing

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

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 .

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.