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SBA Loan Closings (Session 6): 7(a) Loan Closing Requirements

2h

Created on April 02, 2021

Intermediate

$149

Overview

This program can be taken individually or as Chapter 6 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:

  • IRS Tax Transcripts

  • Real Estate Appraisals

  • Earthquake Hazards and Seismic Certification

  • Construction Requirements

  • Franchise, License, Dealer, Jobber and Similar Agreements

  • Management Agreements

  • Customer Identification Program

  • Closing 7(a) Loans

  • SBA Closing Forms - mandatory and optional - and mandatory language

  • Perfecting Lien Position

  • Other non-SBA Closing Documents

  • 7(a) Loan Files

  • Post-Closing Follow-up and Checks

  • Review of Key SBA Forms

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.

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