How to Prepare the SBA 7(a) Liquidation Plan and Perform the Site Visit

Thursday , February 20, 2014
How to Prepare the SBA 7(a) Liquidation Plan and Perform the Site Visit
Price: $289.00
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
Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern
Use our “email address only” order form!

storeclosinglarge020414There are three steps lenders must perform when a loan formally falls under the liquidated status column.

The first step is to notify SBA you are reclassifying a loan into liquidation status and preparing the liquidation plan.

The second is reporting and site visit requirements.

Third, is preparing the ten-tab package for submission to the NGPC in Herndon, that was the subject of last month’s webinar.

This Coleman webinar will focus on the first two steps – preparing the SBA 7(a) liquidation plan and best practices of the conducting and reporting of the site visit.

Join Coleman webinar instructor Gary Griffin as he walks you through the process for preparing a flawless seven step liquidation plan that will aid to protect your SBA 7(a) guaranty purchase rights.

Specific topics include:
1) The exact circumstances when you must transfer the loan to “liquidation” status
2) How to document what has happened in the past. How SBA defines and why SBA cares about “management assistance.”
3) Why you must tread carefully with non-SBA companion loans. What you must do with companion loans
4) What you must include in the General Recovery Plan
5) How to complete the Estimate of Liquidation Recovery

Finally, the webinar will explore in detail the best practices of the site visit. One takeaway of the webinar is you will have a crystal clear understanding of events that trigger a site visit. Emphasis will be placed on how to conduct the site visit and how to document the site visit. Addressed will be what your responsibilities with unique events of such as lease abandonment, borrower conversion of assets and receipt of jingle mail – the keys to the business in an envelope.

You will learn:

  • When and how to Notify SBA
  • Quarterly notification procedures
  • How you must conduct the site visit
  • Traps to avoid with the site visit
  • How to prepare the paperwork with the site visit
  • How to prepare the liquidation plan
  • The Seven Steps Needed in the Liquidation Plan
  • What to do with legal fees
  • The traps to avoid with companion loans
  • How to calculate the estimate of Liquidation Recovery
  • How to use “Offer in Compromise” to get all parties on the same side of the transaction and resolve the debt amicably
  • Special provisions for ARAA loans

Who should attend:
Small Business Banking Managers
Loan Workouts Specialists
SBA Loan Workout Specialists
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 She will email the certificates to all attendees.


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

Also, feel free to ask pre-webinar questions.

Join Coleman’s Expert SBA Instructor:

Gary E. Griffin
President & CEO
Capital Growth Solutions, LLC
Gary Griffin has been President and CEO of Capital Growth Solutions, LLC, one of the original Loan Service Providers, since May of 2008, concentrating in the areas of Servicing and Liquidation. Mr. Griffin has been involved in all aspects of SBA lending for the past 34 years, beginning with liquidation of SBA Disaster Loans in the Jacksonville District Office of SBA. He has received numerous awards and allocates from the SBA and the Banking industry, including Financial Services Advocate of the Year (Tennessee). He is a CPA in both Tennessee and Georgia (inactive) and has served as Eastern Regional Vice President of Bank of the West, BDO for The Money Store in Tennessee, Georgia, North and South Carolina and President of Community Financial Corporation, a wholly‐owned subsidiary of First Volunteer Bank, Tennessee’s largest SBA lender for 10 years. He conducts numerous seminars nationally for the SBA and Lender Organizations on Servicing and Liquidation.


Moderated by:
Bob Coleman
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?

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 $100.

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, 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.

New! 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 power point 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 power point.

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.

Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern

Log and dial in ten minutes before each Coleman webinar to hear the “Complimentary Coleman Report Live! News Show” with Bob Coleman.

We do this for two reasons. First, the pre-show confirms you are successfully connected to the webinar. Second, we provide you a synopsis of the current news to help you place what is happening to the small business lending industry in context. Join us for this free feature!

The Fine Print

1) The single user registration fee of $289 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.

Five Easy Ways to Order!

1) Previous customers need only to send an email to with “Register” and the date of the webinar in the Subject Line. We will do all the paperwork and charge your credit card on file, or send you a PayPal request.
2) Call 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) Order online here via PayPal

How to Prepare the SBA 7(a) Liquidation Plan

Bob Coleman
Editor, Coleman Report
607 Foothill Blvd # 546
La Cañada, CA 91012
(818) 790-4591
(c) 2014 All Rights Reserved