The New SBA SOP Changes Affecting Your SBA Loan Borrowers Effective May 1

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When: Tuesday, May 19, 2015
The New SBA SOP Changes Affecting Your SBA Loan Borrowers Effective May 1
Price: $299.00
2:00 p.m. to 3:15 p.m. Eastern
1:00 p.m. to 2:15 p.m. Central
12:00 p.m. to 1:15 p.m. Mountain
11:00 a.m. to 12:15 p.m. Pacific
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sop 50 10 5 h logoSince the changes in the just released SBA SOP were effective last week, Coleman is scheduling our SBA SOP Webinar as soon as possible.

Join Lance Sexton, the former SBA Deputy Director, Little Rock Commercial Loan Servicing Center, as they guide you through all of the new policy changes that affect your institution.

This webinar will cover all the changes affecting the underwriting and processing of SBA 7(a) and 504 loans.

Specifically

Updated real estate appraisal requirements for SBA 7(a) and 504 loans

Updated business appraisal requirements for SBA 7(a) loans

The new streamlined, comprehensive SBA 7(a) debt refinance rules

Eligibility and Documentation Changes to Export Express Loans

When and how PLP lenders may obtain loan increases and decreases

SBA 504 Construction Loan Qualified Providers of Statement Changes

Plus, all other changes listed in SBA Notice 5000-1340

Each section will be reviewed and addressed.

Below is a summary of the primary areas which have been updated in this version.

SUBPART A

  • Revised Language Regarding Lender Oversight Monitoring and Reviews
  • Incorporated Regulatory Changes Made to the 504 Program Regarding CDC Affiliation, Corporate Governance and Insurance Requirements

SUBPART B

  • Clarified the Policies Regarding Debt Refinancing for 7(a) Loans
  • Modified Documentation Requirements for Export Express Loans
  • Updated Real Estate Appraisal Requirements for 7(a) Loans
  • Updated Business Appraisal Requirements for 7(a) Loans
  • Required Use of E-Tran for all 7(a) Loan Applications
  • Modified Process for Delegated Lenders to obtain loan increase and decreases

SUBPART C

  • Clarified Language Regarding Borrowed Contributions for 504 Loans
  • Updated Real Estate Appraisal Requirements for 504 Loans

Who should attend:

Commercial Loan Underwriters
SBA Loan Underwriters
Small Business Lending Department Managers
Credit Risk Managers
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 jeanne@colemanreport.com. She will email the certificates to all attendees.

Questions
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 joseph@colemanreport.com.

Also, feel free to ask pre-webinar questions.

Instructed by:
Lance Sexton
Former SBA Deputy Director, Little Rock Commercial Loan Servicing Center
Lance served as Deputy Director of the SBA Little Rock Commercial Loan Servicing Center managing the Servicing of SBA Loans, the liquidation of SBA Express Loans, and the Liquidation of SBA 504 loans in a 24 state area.

Lance has 30 years of experience in the origination, servicing, and liquidation of SBA Loans, ten years of experience directly managing portfolios of SBA loans that are both performing and nonperforming, and six years of experience as a small business owner.
He has served as Vice President, Senior Vice President, and Executive Officer of three community banks building and managing SBA portfolios at each bank. Lance also was a faculty member of the Sam M Walton College of Business at the University of Arkansas teaching entrepreneurship courses.

Moderated By:
Bob Coleman
Editor
Coleman Report

Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.”

Bob is the Editor of the Coleman Report, a trade newsletter and website for small business bankers. He is the nationally recognized expert on small business lending. He has been a regular contributor for Fox Business News and is sourced frequently by all major financial media news outlets including the Wall Street Journal and Bloomberg.

He is a prolific keynote speaker at numerous small business lending events across the United States every year – including recent international speaking engagements in the U.K. and Germany.

Coleman 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.

Why a Webinar?

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You can choose to have any many connections nationwide as you wish when you purchase unlimited access for only $399.

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 joseph@colemanreport.com, and he will schedule a test run.

Accessing GoToWebinar
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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.

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You may also choose to listen to the program on your telephone. The phone number will be provided with the handouts.

PDF Handouts

You will receive the pdf handout via email the day before the event. These may be distributed to all of your attendees.

Replay Link

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 joseph@colemanreport.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.

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The Fine Print

1) The single user registration fee of $299 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.

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2) Call Customer Service at 818-790-4591 extension 1
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The New SBA SOP Changes Affecting Your SBA Loan Borrowers Effect



Bob Coleman
Editor, Coleman Report
607 Foothill Blvd # 546
La Cañada, CA 91012
(818) 790-4591
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