SBA 504 Loan Liquidations in a Post Resource Capital World, e.g. the New SOP 5055 for 2014

RESCHEDULED FOR Friday , February 14, 2014
SBA 504 Loan Liquidations in a Post Resource Capital World, e.g. the New SOP 5055 for 2014

• 504 Liquidation for the 3rd Party Lender and the CDC
• What the Third Party Lender Needs to Know about Foreclosing a SBA 504 loan
• SBA Details Rules when CDCs become Financially Responsible for the Debenture

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!

ForeclosureNoticemediumLiquidating the first position commercial real estate loan when there is a SBA 504 debenture has traps for the third party lender, and the CDC.

This webinar will discuss the unique issues posed when foreclosing on the 504 debenture. SBA’s right to purchase the property for one year will be discussed. Also, the new third party lender agreement will be carefully analyzed so you know exactly how both parties must proceed.

These changes are a direct result of of SBA seizure of the nation’s second largest certified development company, Frank Dinsmore’s Resource Capital.

The move a little over a year ago, was unprecedented and is a strong signal to the industry of it’s intent of becoming a true regulatory agency.

SBA’s response to the Business Loan Express fraud won’t be repeated. Then, there were incremental enforcement actions. The loss of the PLP license was later followed by loss of the CLP license, followed by special approval to sell loans to the secondary market.

SBA didn’t employ a death by a thousand cuts strategy with Resource Capital.

They simply seized the portfolio and pulled the license.

In the aftermath, SBA has issued new SOPs to make clear their regulatory rights, and lender and CDC responsibilities.

Look for SBA, through the Inspector General’s office to hold CDC’s feet to the fire for financial responsibility when there is misrepresentation or fraud.

The webinar will have specfic takeaways for all parties.

For the Third Party Lender you will learn:

What is SBA’s Right of Redemption
How to Negotiate the release of SBA’s Right of Redemption
What notifications the lender must provide to SBA and the CDC before initiating foreclosure proceedings
Why the payment history must be accurate (and the bad things that happen when it isn’t)
How to prepare the payment history
The conditions where SBA will enter a protective bid.
How to manage the protective bid process

For the CDC you will learn:

Delegated Authority servicing actions vs. SBA mandated approval
Collateral Releases & Insurance Requirements
Environmental Risk Management
Site Visit Requirements
Workout, Liquidation, & Litigation: Plans & Monitoring
Guarantors & Offers in Compromise
Foreclosure: When all else fails…Litigation
Preference Issues & Risks to the Third Party Lender
SBA remedies and oversight

Who should attend:

CDC Loan Underwriters
CDC Management
CDC Board Members
Third Party Lender Underwriters
Commercial Loan Underwriters
SBA Loan Underwriters
Small Business Lending Department Managers

This webinar is rated “EXPERT” 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:

tomwallace2013Tom Wallace
IDS Corp.
Tom Wallace is the President of IDS Corporation, since 2002, a Florida CDC, which contractually co-ordinates, with locally licensed CDCs, 504 services in a dozen states. Mr. Wallace previously ran the largest Lender Service Provider for 7(a) in the Southeastern US. He has over twenty years of experience, both 7(a) &504.

bobcoleman010814Moderated 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

SBA 504 Loan Liquidations in a Post Resource Capital World

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