On Demand Audio

SBA Loan Closings (Session 5): Use of Loan Proceeds, Equity Injection and Fees in 7(a) Loans

Produced on April 03, 2019

Taught by
Janice E. Garlitz
$ 59 7(a) Loan Closing In Stock
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Course Information

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Time 60 minutes
Difficulty Intermediate
Categories 7(a) Loan Closing

Course Description

This program can be taken individually or as Chapter 5 of the 7(a) Loan Closing Course. This program is designed for attorneys, paralegals, and bankers engaged in closing SBA Loans, especially 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:

  • Eligible Use of Loan Proceeds

  • Documenting Use of Loan Proceeds

  • Equity Injection Requirements

  • 7(a) Loan Program Fees

  • Compensation Agreement (SBA Form 159)

This course and all 7(a) 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.