Crafting the SBA 7(a) Loan Authorization December 19, 2012
Choosing Your Requirements Wisely
Complimentary Small Business Banking News of the Day Talk Show with Bob Coleman and Charles Green: 1:50 p.m. to 2:00 p.m.
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The loan authorization is the contract between you, SBA and your borrower. It spells out your responsibilities and duties toward SBA. It is the instrument that says if you do what you promise to do in a prudent manner, SBA will be your partner with that loan. And it lists the promises and obligations of your borrower.
Whether you are a PLP, CLP or GP lender, you choose the contract terms of the loan authorization.
But are you aware of the implications of your choices? Are you aware of the “best” choices?
Are you creating an authorization that protects your interests with SBA and your borrower? Or are you exposing your risk by adding clauses that increase your chances for a repair or denial of the guaranty?
Join Coleman professional webinar instructor Lisa Lerner as she walks you through all the choices you are faced with in crafting the SBA 7(a) loan authorization.
She will explain the implication of each clause, an explanation what the clause does, and the pros and cons of including each clause in your loan authorization.
You will learn
· Suggested elements of a PLP SBA 7(a) loan authorization
· Suggested elements of a GP SBA 7(a) loan authorization
· Suggested elements of a Real Estate purchase loan authorization
· Suggested elements of a machinery and equipment purchase loan authorization
· Suggested elements of a working capital disbursement loan authorization
· How to correctly change and modify the loan authorization after SBA loan approval.
Additionally Lisa will review each section of the authorization with practical options
1. Lender section
2. Loan information section
3. Repayment Terms
4. Use of Proceeds
5. Collateral conditions
6. Additional conditions one and two
Who should attend?
SBA department managers
SBA loan underwriters
Lender Workout specialists
Special assets personnel
Chief Credit Officers
Join us as we discuss in great detail the steps you need to take to document your borrower’s equity correctly.
This webinar is rated “INTERMEDIATE” for the 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.
Who should attend
Small Business Bankers
SBA Loan Packagers
SBA Loan Closers
Small Business Banking Managers
Small Business Loan Underwriters
All Coleman Webinar attendees will receive a e-Certificate of Participation.
This is documents your continuing education history for the regulators.
Also, this documents the answer for SBA’s Review question of continuing staff education.
Please forward the names of and emails of all of those attending the webinar.
We will issue e-certificates of participation at the conclusion of the webinar.
Join our Expert Instructor:
Lisa G. Lerner
Enhanced Consultive Solutions, LLC (“ECS”)
Ms. Lerner’s professional experience spans over 28 years in the financial arena, with strong expertise in Small Business Administration lending, most recently operating ECS since 2004. ECS is an agency (SBA) approved lender service provider and provides guidance, and technical support to small and mid- size lenders. She and her husband, Nelson, are also certified pet therapy teams with their dogs volunteering with the nonprofit organization, Gabriel’s Angels- “Pets helping kids.”
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 banking. He has appeared on Fox Business News and CNN and has been quoted by most 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. 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 takes great pride in bringing you the foremost experts in our industry. Not only our experts chosen with care, we bring you instructors who 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. Coleman hosts five to six webinars a month, making us the largest producer of webinars for the small business banking industry in the country. Monthly SBA topical webinars are conducted by John Dunn and Lisa Lerner, our national professional SBA instructors.
Dunn and Lerner’s presentations solve pressing problems facing today’s SBA lending professionals. On the second Tuesday of the month, the author of the bestselling “The SBA Loan Book” and the just released book, “Get Financing Now,” Charles Greene presents a program on a topical small business lending underwriting subject. An SBA loan liquidation themed webinar the third Tuesday of each month. We rotate the instruction with three of the finest experts in the country — Ethan Smith of SBA lender boutique law firm Starfield and Smith, SBA lender attorney Mitch Fogel, and Kerri Agee, of banc-serv, the president of the largest SBA loan service provider in the country.
Our SBA University webinars are for small business lending sales personnel who wish to learn, and refresh, outstanding sales techniques to achieve over-the-top sales goals.
Finally, we offer a monthly series of topics for bank chief financial officers to help them with the ever evolving world of loan reporting issues. Our professional instructors are Bob Judge of Government Loan Solutions and Jon Winick of Clark Street Capital.
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