Thursday , February 20, 2014
How to Prepare the SBA 7(a) Liquidation Plan and Perform the Site Visit
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
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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 firstname.lastname@example.org. 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 email@example.com.
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.
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
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Not only our instructors chosen with care, they are excellent teachers of their craft.
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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!
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