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West Virginia Lender Resources - Training

Mark Your Calendars
Upcoming SBA Training and Events

How to Protect Your SBA Guaranty
Tuesday, October 21, 2014 at 10:00 a.m. EST

One reason a lender requests an SBA loan guaranty is that it reduces the risk of a borrower’s non-payment by providing a guaranty on a percentage of a business loan. If a borrower defaults, lenders can request SBA pay a percentage of the outstanding balance. It is vitally important the lender not jeopardize the guaranty by not properly following SBA regulations to underwrite, close and service the loan during its life.

During a webinar, Tuesday, October 21 at 10:00 a.m., Ethan Smith*, partner and co-founder of Starfield & Smith, P.C., discusses how to document the SBA file and steps in underwriting, closing and servicing an SBA loan to ensure the integrity of the government guaranty is maintained and claims to SBA are honored timely and efficiently.

*Smith focuses his practice in commercial law with an emphasis on government guaranteed and conventional commercial lending and real estate law. He is a closing attorney for various lenders nationwide, ranging from large national lenders, to small community banks and credit unions. As a closing attorney for commercial lenders, Ethan prepares and reviews loan files for SBA 7(a), 504, conventional and USDA B&I commercial loans, confers with loan processors and in-house counsel, and drafts, analyzes and negotiates loan documents. He has closed hundreds of government guaranteed commercial loans through the SBA 7(a) and 504 loan programs, the USDA B&I program, and has closed numerous other conventional commercial financing transactions, including asset-based, real estate, and factoring facilities. Ethan also represents numerous lenders in SBA licensing, regulatory enforcement, and guaranty purchase matters.

Introduction to SBA Lending 

Are you new to SBA lending or looking for a refresher course on SBA loan processing? Then plan now to participate in the Introduction to SBA Lending series. Presented in three parts, these 30 minutes sessions cover everything you need to know about submitting an SBA loan guaranty request. You can attend one or all of these sessions. In addition, we’ll touch on the 7(a) loan program fee waiver as well. A breakdown of each session can be found below.

Introduction to SBA Lending – Part I
Tuesday, October 28 – 10:00 a.m. EST

  • How the SBA Guaranty Works
  • Fees and Fee Waivers
  • Credit Decisions
  • Collateral Policy
  • Interest Rates, Maturities, Eligibility and Uses of Proceeds
  • Express Loans
  • 504 Program

Introduction to SBA Lending – Part II
Tuesday, November 4 – 10:00 a.m. EST

  • Equity Requirements
  • Acceptable Sources of Injection
  • IRS Form 4506-T
  • Debt Refinancing
  • Changes of Ownership
  • Business Valuation Requirements
  • Occupancy Requirements
  • Franchises

Introduction to SBA Lending – Part III
Tuesday, November 18 – 10:00 a.m. EST

  • Servicing Actions
  • Liquidation Status Transfer
  • Site Visit & Reporting Requirements
  • Guaranty Purchase Requests
  • Charge-Off & Referral to Treasury

MARK YOUR CALENDARS:

Contact Rick Haney (304-623-7449) or Leo Lopez (304-347-5220) to schedule personalized training for your organization or provide topics you would like to see covered in future training webinars.

Register!
Email the name of the webinar and contact information to Rick Haney at richard.haney@sba.gov or call 304-623-7449.

To access the webinars: Web Conference URL: https://connect16.uc.att.com/sba/meet/?ExEventID=84536711, check "I am a participant", enter your name and email, select "Join". Once you have accessed the conference select the "Call Me" option and enter your direct phone number (If the "Call Me" option does not work, dial 1-888-858-2144 then enter the passcode 4536711# to access audio portion).

To prepare in advance for the conference (for all devices): https://connect16.uc.att.com/sba/Prepare/.