How to Complete the New SBA 7(a) Litigation 7 Tab Package
Thursday, September 19, 2013
2:00 p.m. to 3:15 p.m. Eastern
Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern
Sponsored by PCFS 2000
Use our “email address only” order form!
SBA has released a new Litigation Plan Tab package that must be completed by the lender and submitted to SBA for its approval for “non-routine” litigation matters.
Join this webinar to learn exactly when the 7 Tab Package must be used by the lender. You will also learn a best practice approach of how to complete the package.
We will also review what actions the lender may take without SBA consent.
Special attention will be addressed on what you need to do to obtain SBA approval of outside legal counsel fees.
Importantly we will discus what is also needed for the proper documentation of legal expenses.
You will learn:
- When the 7 tab litigation plan must be completed and submitted to SBA
- What SBA defines as “non-routine” litigation
- An in-depth review of the 5 triggers requiring SBA prior approval
- What is the actual definition of legal fees
- The best and only way for outside counsel to bill its legal fees
- What you need to know about SBA’s attitude of other liquidation fees.
- Which of these fees, and to what amount, you may incur without SBA’s consent.
- SBA’s states if fees are “unnecessary, unreasonable or not customary” they will deny the expenses. What is SBA’s definition of those words?
The discussion will cover a best practice recommendation in completing all 7 tabs:
1) Contact Information
2) Attorney Information
3) Collateral Information
4) Proposed Actions
5) Estimated Legal Budget
6) Legal Invoices
Who Should Attend?
Small Business Banking Managers
Loan Workouts Specialists
SBA Loan Workout Specialists
Chief Credit Officers
This webinar is rated “INTERMEDIATE” for all attendees.
Coleman’s Webinar level of instruction guide:
ELEMENTARY — The webinar assumes the audience has no experience in the topic.
BASIC — The webinar is for small business lenders who have some experience in the topic. The webinar is designed as the Topical 101 course. This is the appropriate level of instruction for managers who oversee the function.
INTERMEDIATE — The webinar solves an unique problem for the small business lending professional. A strong working knowledge of the subject matter is recommended.
EXPERT — The webinar discusses detailed, technical and advanced topics for the well-seasoned professional. A strong working knowledge of the subject matter is a must.
Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for your regulators. Also, this documents the answer for SBA’s Review question of continuing staff education.
We will automatically forward a certificate of participation for those who are registered to attend the webinar via GoToWebinar.
If you have purchased the unlimited site license and would like certificates for all who attend simply forward their names and email addresses to firstname.lastname@example.org. She will email the certificates to all attendees.
Questions are encouraged. There are two ways to ask a question. The first is to ask the question via the chat box on the GoToWebinar dashboard. The second way is to send an email to email@example.com.
Also, feel free to ask pre-webinar questions.
Join Coleman’s Expert SBA Instructor:
Mitchell C. Fogel
Fogel Law Group
Mitchell C. Fogel is the Principal and Founder of The Fogel Law Group in Boca Raton, FL. He has been a licensed attorney in Florida since 1987, and formed his own law firm in 1991. Through his multiple practice areas, Mitch has developed expertise representing buyers, sellers, landlords, tenants, lenders and borrowers, among many varied clients. Because of his extensive and diverse experience, Mitch’s clients seek and rely on his legal counsel regarding their commercial and residential real estate deals; title insurance matters; lending and banking transactions; hotel, resturant and hospitality transactions; and business and corporate opportunities and affairs.
Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street“. Coleman is the Editor of the Coleman Report, a trade newsletter for small business bankers. He is the nationally recognized expert on small business financing. He has appeared on Fox Business News and CNN and has been quoted by all major financial media outlets including the Wall Street Journal, New York Times and Bloomberg. He has spoken at numerous small business banking events across the United States, including international engagements in the U.K. and Germany. Bob has a B.A. in Medieval History from the University of California Santa Barbara and a M.B.A. in Real Estate Finance from the University of Southern California.
About Coleman Webinars
Coleman is the largest producer of small business banking webinars in the country, all taught by the best experts in our industry.
Not only our instructors chosen with care, they are excellent teachers of their craft.
Coleman’s Webinars provide 75 minutes of highly specialized information, access to industry experts, live Q&A, and step-by-step “how-to’s” on a variety of topics relevant to today’s small business banker.
Every month, the author of the bestselling The SBA Loan Book and Get Financing Now. Charles Greene presents a program on a topical small business lending underwriting subject.
Our monthly SBA loan processing and servicing webinars are conducted by Gina Rodgers, banc-serve’s in house training officer.
We rotate our SBA loan liquidation and servicing webinars with the finest experts in the country.
And Bob Coleman hosts a quarterly C-level, small business lending management webinar.
Why a Webinar?
It’s very cost effective. No airfare, no hotels. Just cram as many people as you wish into your conference room and turn on the computer. You have several options to view the program. You may watch on screen, or listen in on your phone.
You can choose to have any many connections nationwide as you wish when you purchase unlimited access for only $100.
A great benefit of the program is that you have the ability to ask questions directly of the panelists. Or, you may simply email Coleman during the program and he will air your question.
All of our webinars are recorded. Buyers of the unlimited site license option will receive a DVD recording of the event to share with anyone you wish.
A transcript of the program is also provided to purchasers of the unlimited site license.
How it Works
We use GoToWebinar as our platform. You will receive a link that will direct you to an Internet site to view the presentation. If you would like to test this process to make sure you will be able to access the link through your system’s firewall, just send an email to firstname.lastname@example.org, and he will walk you through it.
There are two ways to access the webinar. The first is to simply click on the link we will provide when you register.
If you have a firewall issue, or you can’t get the GoToWebinar link to work, don’t panic!
The second way to access the webinar is directly from the GoToWebinar website. You will simply need to input the webinar ID and access code. These will also be provided when you register, and again the day before the webinar when we distribute the handouts.
Note we will open the webinar for attendees to join at 12:00pm ET. This will give each attendee two full hours before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.
New! All Coleman Webinar Speakers are seen Live via Video Stream
You will see our speakers live through a video feed. You may customize the size of the speaker and power point presentations by clicking on the webcam button on the GoToWebinar dashboard. You may position the speakers at the top, bottom, right or left hand sides. You may also choose to eliminate the video stream and just view the power point.
Telephone Only Option
You may also choose to listen to the program on your telephone. The phone number will be provided with the handouts.
You will receive the pdf handout via email the day before the event. These may be distributed to all of your attendees.
If something comes up and you miss any part of the webinar, or there are technical issues such as a power failure, Internet dropout, fire alarm drills, actual fires or, earthquake (yes that has happened!) simply email email@example.com and he will send you a link you may watch all or part of the webinar at your leisure. There is no charge for this service.
Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern
Log and dial in ten minutes before each Coleman webinar to hear the “Complimentary Coleman Report Live! News Show” with Bob Coleman.
We do this for two reasons. First, the pre-show confirms you are successfully connected to the webinar. Second, we provide you a synopsis of the current news to help you place what is happening to the small business lending industry in context. Join us for this free feature!
About our Sponsor
PCFS 2000 is the leading financial technology services vendor providing software solutions to the SBA lending industry. We have been delivering our solutions to this unique lending community since 1986 and our passion for it continues today.
Their ever-evolving solutions include SBA Form.Wrx, SBA Loan Manager and SAM (Special Assets Manager), which collectively address all your department’s needs – from the initial prospect inquiry to the loan pay-off and every stage in between. We refer to our products as your “Prospect-to-Pay-Off Solution.”
The Fine Print
1) The single user registration fee of $289 is based on location not attendance. You may have as many people in one location attend. You many distribute the materials to anybody in your company.
2) For only $100 more, you may invite as many people from your institution from as many locations as you wish. (You also get the reply link and transcript!) We will forward you a link that allows you to sign up as many people as you wish.
3) Substitutions are allowed at no charge.
4) Cancellations receive a 100% credit for any Coleman product.
5) As with all our products, we offer a 100% money back satisfaction guaranty — no questions asked.
Five Easy Ways to Order!
1) Previous customers need only to send an email to firstname.lastname@example.org with “Register” and the date of the webinar in the Subject Line. We will do all the paperwork and charge your credit card on file, or send you a PayPal request.
2) Call Customer Service at 818-790-4591 extension 1
3) Fax the order form to: 818-790-7859
4) Mail the order form to: Coleman Publishing, 607 Foothill Blvd., # 546, La Cañada, CA 91012
5) Order online here
Editor, Coleman Report
607 Foothill Blvd # 546
La Cañada, CA 91012
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