West Virginia Lender Resources - Training
Mark Your Calendars
Upcoming SBA Training and Events
SBA 504 Loan Program by Beth Wilson
March 3, 2015 - 10:00 a.m. EST
The SBA 504 Loan program is a powerful economic development loan program that offers lenders an avenue to provide customers a viable option for business financing while promoting business growth and job creation. The program is a proven success and win-win-win for the small business, the community and you, SBA’s participating lender.
Tuesday, June 18, join 504 specialist Beth Wilson from the Business Finance Group, the top Certified Development Company in SBA’s Region 3 covering Virginia, Maryland, Washington DC and parts of West Virginia, as she leads an in depth training on how the 504 program can enhance your ability to provide capital to your customer.
The Certified Development Company Loan Program (504) provides up to 90% financing for the small business, offers a 50% loan to value ratio for lenders, puts you, the lender, in first lien position and offers longer loan amortizations. It provides long-term, fixed-rate, subordinate mortgage financing for acquisition and/or renovation of capital assets including land, buildings and equipment. It can also help you meet our community development or public policy goals.
Register today! Contact Rick Haney at email@example.com or 304-623-7449.
10 Pitfalls in Determining 7(a) Eligibility by Ethan Smith
March 10, 2015 - 10:00 a.m. EDT
Join Ethan Smith as he discusses the criteria commercial lenders should follow in deciding if a business qualifies for a 7(a) guaranty. Ethan 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. He also represents numerous lenders in SBA licensing, regulatory enforcement, and guaranty purchase matters.
International Trade Financing for Small Businesses
March 26, 2015 – 10:00 a.m. EDT
From financing a small business export development to financing their need for business expansion via equipment and real estate loans, join SBA International Trade Finance Specialist Bill Houck and West Virginia's International Trade Officer Leo Lopez as they discuss SBA's International Trade, Export Working Capital and Export Express loan programs which can provide a loan guaranty for your lending institution of up to 90%.
Preparing the 7(a) Guaranty Purchase 10-Tab Request by Gary Griffin
April 14, 2015 – 10:00 a.m. EDT
Avoiding Lender Liability by Ethan Smith
May 12, 2015 – 10:00 a.m. EDT
Benefits of SBA Lending by Mary Wamsley & Jessica Hart
June 16, 2015 – 10:00 a.m. EDT
The SBA loan program is designed to benefit small businesses and lenders which in turn helps spur on economic growth and job creation. At times misconceptions about SBA loan programs can lead to apprehension by lenders not familiar with the loan process.
During this webinar, Mary Wamsley and Jessica Hart from Strategic Banking Partners, a SBA Loan Service Provider, discuss how utilizing SBA lending programs can expand opportunities for your lending institution, provide access to avenues for small business capital, expand your product lines, create cross-selling opportunities and generate an income stream for your institution.
Topic covered include:
- How to identify a potential SBA borrower
- How SBA lending can benefit your bank
- Selling SBA to your client and Board
- How to overcome borrower objections
- How to process and close a SBA loan quickly and efficiently (it can be done)
Don’t let misconceptions about SBA lending stand in the way of small business success and increasing your profitability.
7(a) Loan Underwriting by Gary Griffin
June 23, 2015 – 10:00 a.m. EDT
Equity Injection Issues by Ethan Smith
July 21, 2105 – 10:00 a.m. EDT
Liquidation & Offer in Compromise by Gary Griffin
August 18, 2015 – 10:00 a.m. EDT
Email the name of the webinar and your contact information to Rick Haney at firstname.lastname@example.org or call 304-623-7449.
2015 Lenders Quality Circle – Seven Springs Resort, PA
March 11-13, 2015
8th Annual SBA Export Lenders' Roundtable
April 22, 2015 - 12:30 to 5:00 p.m.
Ronald Regan Building & International Trade Center
13th Street and Pennsylvania Ave. NW
To reserve your seat, send your RSVP email to OIT@sba.gov with your name, title, lender, and address.
2015 AMERICA EAST SBA LENDERS CONFERENCE
August 12th – 14th, 2015
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/.