Refinancing Debt with the SBA 7(a) Loan – Documentation Required to Protect the SBA Guaranty — Webinar 7/6

A 75 minute video webinar your staff can participate in.
A Coleman Webinar
Date: Wednesday, July 6, 2022
Time: 2:00 p.m. Eastern
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 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

Your Professional Coleman SBA Webinar Instructors:

Lance Sexton, Coleman Faculty Instructor
A former small business owner, Lance Sexton has a successful history of working with small business owners and students related to entrepreneurship and SBA loan origination, servicing, and liquidation.

He has earned three industry SIPA awards for “Best Online Learning Product”.
Lance has over 30 years of experience, including ten years directly managing portfolios of SBA loans.

Lance was an entrepreneurship faculty member of the Sam M. Walton College of Business at the University of Arkansas. He is an Executive Vice President of BankOZK and has been affiliated with Coleman Publishing for over five years.

Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.” He is the founder of Coleman Publishing, a publisher of newsletters, reports, data, conferences, webinars, online training videos — to help finance professionals become small business lending experts.

Bob is the nationally recognized expert on small business financing. He has appeared frequently on Fox Business News, NPR and other numerous media outlets. He is sourced by all print media. He is a frequent speaker about small business lending throughout the US and EU. Bob has a BA in Medieval History from the University of California Santa Barbara and a MBA in Real Estate Finance from the University of Southern California.

Bob has earned numerous SIPA industry awards including “Podcast of the Year” and as a producer of events and video training.

His passion is getting capital to Main Street and Rural American small business.

Webinar Details

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

Participant Questions Questions are strongly encouraged. There are two ways to ask a question during the webinar. 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 and post-webinar questions.

How the Webinar 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. Note we will open the webinar for attendees to join at 1:30pm ET. This will give each attendee thirty minutes 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) Substitutions are allowed at no charge. 2) Cancellations receive a 100% credit for any Coleman product. 3) As with all our products, we offer a 100% money back satisfaction guarantee — no questions asked. Five Easy Ways to Order!

Four Easy Ways to Order!

1) Previous customers need only to send an email to with the name of the attendee and the webinar.

2) Call Joseph Coleman at Customer Service at 818-790-4591 extension 1

3) Fax the order form to: 818-790-7859

4) Pay online using PayPal

Refinancing Debt with the SBA 7(a) Loan


100 of the top 100 SBA lenders purchase our reports and data — attend our online training, webinars and summits. Coleman Report is committed to a mission of providing information to train finance professionals as small business lending experts who fund capital to Rural and Main Street America.


Very informative. I have actually printed off all of the information you provided and labeled it: “SBA PPP Good Information Condensed,” Alabama Teachers Credit Union

I find that your webinar training sessions are a GREAT way for me to keep current on important things SBA. Loan Service Provider.

Thanks for providing this training. It was very informative and helped me a lot. Our Bank highly encourages all our colleagues to take your training program. Highly appreciate your service in enlightening our knowledge. The Mint National Bank

This is incredible data. Great job in working through it. Embassy National Bank

Bob Coleman
Editor, Coleman Report
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Mission Viejo, CA 92690-4525
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