Follow Strict SBA 7(a) Debt Refi Rules: Don’t Invalidate Your Guaranty

Follow Strict SBA 7(a) Debt Refi Rules: Don’t Invalidate Your Guaranty
Loan Closers will confidently close SBA 7(a) and 504 debt refinance loans perfectly to comply with SBA’s eligibility requirements — a 75-minute webinar that allows your staff to earn e-certification.

A Coleman Webinar
Date: Thursday, September 15, 2016
Time: 2:00 p.m. Eastern

Go to Registration and Payment | Download a Registration Form

SBA loan closer failure to collect all borrower underlying debt refinance paperwork risks annulment of your SBA 7(a) loan guaranty.

One lender just lost $850,000 in a August 2016 SBA Inspector General review for making that mistake.

This Coleman webinar will reinforce the complicated debt refinance rules and documentation requirements your underwriters and loan closers need to know so this doesn’t happen to your institution.

Your underwriters will be able to correctly calculate SBA mandated cash flow requirements. Your SBA 7(a) loan closing team will competently obtain the refinance documentation required to pass scrutiny at all levels: SBA off-site reviews, SBA on-site audits and most important — the Loan Guaranty Purchase Center in Herndon.

Unfortunately, no one checks the closer’s documentation is correct until after the loan is closed — too late to catch errors. SBA loan closers must know the calculations used by underwriters to validate eligibility. Closers must know the same rules to check the underwriter’s math.

This Coleman webinar will give the closer the professional confidence to close all debt refinance transactions accurately and SBA compliant; every time.

Your SBA 7(a) loan closers will:

  • Confidently and professionally close loans
  • Obtain the required loan refinance documentation
  • Be aware of fraudulent documentation scams
  • Quickly close loans by requesting only required documents
  • Act as a gatekeeper to correct underwriter eligibility errors
Specific debt refinancing topics include:
  • Eligible debt
  • Ineligible debt
  • Sole proprietorship debt
  • Delinquency disqualifications
  • Required transcripts
  • Paying off credit card debt
  • Paying off a HELOC
  • Demand note issues
  • Interest rate considerations
  • Collateral issues
  • Revolving lines of credits
  • Same institution debt
  • Owner debt
  • Affiliate debt
  • Cash flow savings requirements
  • Credit Memo Requirements — original purpose of debt
  • Credit Memo Requirements — was this “imprudent borrowing?”
  • Credit Memo Requirements — terms of debt
  • Credit Memo Requirements — Improvement of financial condition statement
  • Credit Memo Requirements — Affirmative statement SBA is not assuming a creditor’s loss position
  • Refinancing an existing SBA 7(a) loan
  • Refinancing an existing SBA 504 loan
  • Refinancing the SBA 504 third party loan
  • Refinancing SBIC debt
  • Refinancing under SBA Express
  • Refinancing under Export Express
  • Refinancing under CAPline
  • Documentation required
  • Refinancing as a part of a change in ownership
  • Paying off Trade debt
 Taught by the National SBA Expert
    • head_coleman

      Bob Coleman, Publisher, Coleman Report

Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.” He is the Publisher of the Coleman Report, a trade newsletter and website for SBA and small business lenders. He produces online training videos and webinars for small business lenders to teach them to make less risky loans to Main Street.

Webinar Details

Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.

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 She will email the certificates to all attendees.

Questions are strongly 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 Also, feel free to ask pre-webinar questions.

About Coleman Webinars
Coleman is the largest producer of small business banking video webinars and online training for the banking industry.

Our faculty are professional instructors are the absolute experts in their fields.

Why a Coleman Training 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 $489.

A great benefit of the program is that you may have your questions answered by the faculty. 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 for the webinar 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, and he will schedule a test run.

Accessing GoToWebinar
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.

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 powerpoint 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 powerpoint.

Telephone Only Option
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 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.

The Fine Print
1) The single user registration fee of $389 is based on location not attendance. You may have as many people in one location attend. You may distribute the materials to anybody in your company.
2) For only $100 more ($489), 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 with “Register Debt Refi Webinar” in Subject Line. We will do all the paperwork and charge your credit card on file, or send you a PayPal request.
2) Call Joseph Coleman at 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) Click “Add to Cart” to pay using PayPal

Coleman Webinar: Follow Strict SBA 7(a) Debt Refi Rules

Bob Coleman
Editor, Coleman Report
607 Foothill Blvd # 546
La Cañada, CA 91012
(818) 790-4591
(c) 2016 All Rights Reserved