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Main Street Monday — 10 things the C-Suite Must Know About SBA’s New Procedures — ICBA Webinar 11/29

November 27, 2017

Main Street Monday — 10 things the C-Suite Must Know About SBA’s New Procedures — ICBA Webinar 11/29

10 Things the C-Suite Must Know About SBA’s New Procedures
When: Nov. 29 | 11 a.m. (Eastern)
For: Executive/C-Suite, SBA Loan Department Manager, Compliance Officer, Human Resources Officer
CPE: 1 Credit
Speaker: Bob Coleman, Coleman Publishing

Recently, Small Business Administration (SBA) issued a new standard operating procedure underwriting manual for its 7(a) and 504 loan programs effective January 1.

This major rewrite discloses numerous traps for SBA lenders who do not follow and implement the agency’s new guidance. If you outsource to a lender service provider (LSP), SBA has a slew of new rules you must follow. Given the recent raid by the FBI on the nation’s largest SBA loan service provider to over 400 lenders, banc-serv, this information is of the utmost importance to C-suite SBA lenders.

In this webinar, Bob Coleman, a national SBA and small business lending expert, explains what the C-suite needs to know to prudently oversee your SBA department managers operations.

If SBA lending is an important part of your loan product mix, or you think it should be, you must attend this webinar to ensure proper oversight of your loan portfolio.

TOPICS COVERED:

  • New mandated minimum equity injection requirements
  • Guidance to obtain the personal guaranty for 20 percent or less owners
  • Reduction of franchise eligibility paperwork
  • Guidance for lenders who outsource to LSPs
  • Accessing and interpreting your bank’s SBA’s PARRiS score
  • What the C-suite absolutely needs to know about SBA’s “credit elsewhere” rule
  • How to avoid an SBA False Claims Act action
  • How to avoid an SBA loan guaranty denial or repair
  • How to know if you will be compliant with the Dec. 1, 2017, date regarding SBA charge-offs
  • Implementing the new SBA One Loan platform to process, service and liquidate loans
  • How to use the SBA credit score to satisfy your regulators, while safely building your SBA loan portfolio
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