Documenting SBA Loan Equity Injection: How to Avoid Costly SBA Guaranty Repairs and Denials
Documenting SBA Loan Equity Injection: How to Avoid Coslty SBA Guaranty Repairs and Denials
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When: Wednesday, June 17, 2015
Time: 2:00 p.m. Eastern
Format: 75 minute Video Webinar
Do your people make any of the 13 most common mistakes lenders commit in documenting a borrower’s equity injection that result in SBA loan guaranty repairs and denials?
Former SBA Little Rock Servicing Center Deputy Director Lance Sexton does — and he can help you avoid them and the hundreds of thousands of dollars in lost revenue they often entail.
Join Lance in this updated Coleman webinar to learn best practices and SBA-recommended protocols for documenting your borrowers’ equity injections, perfectly, and correctly every time.
Here is just some of what you and your team will learn:
- The 5 equity injection fraud red flags
- A thorough understanding of the traps associated with gifts and gift letters
- How to set borrower equity injection requirements for loans less than $350,000
- How to set borrower equity injection requirements for loans over $350,000
- How to document equity injection for SBAExpress loans
- The 4 proper sources of equity injections
- Two improper sources of equity injections
- The absolute SBA required documentation of equity injection to protect the guaranty
- What SBA requires you to do to verify a cash injection
- How to document intangible and non-cash assets
- Case studies examples to reinforce proper SBA equity injection requirements
- And, of course, the 13 common equity injection mistakes lenders make that jeopardize the SBA loan guaranty
Who Should Attend?
SBA Loan Underwriters
SBA Loan Closers
SBA Loan Reviewers
SBA Loan Liquidators
SBA Department Managers
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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.
Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.”
Bob is the Publisher 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 and training instructor at events in the US and EU.
Bob began his SBA banking career in Southern California, serving as a SBA sales and department manager.
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.
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Documenting SBA Loan Equity Injection: How to Avoid SBA Guaranty Repairs and Denials
Register with only your email address!
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