SBA 7(a) and 504 Construction Loans — 1/29
Learn SBA-compliance requirements for underwriting and documenting your borrowers’ SBA construction loans and protect your SBA guaranty
A Coleman Webinar
Date: Wednesday, January 29, 2025
Time: 2:00 p.m. Eastern
Includes e-certification & recording
Underwriting and disbursing SBA 7(a) loans have a separate set of SBA rules that must be followed to ensure compliance with SBA’s SOP. This Coleman webinar will give your staff SBA required items to become experts in construction financing — both for SBA 7(a) and 504 rules.
SOP equity injection requirements impact your SBA construction loan structure. Join our SBA SOP expert and Coleman faculty instructor Lance Sexton for our newly-updated SBA Construction financing webinar.
This webinar will thoroughly discuss the following topics:
- New Facility Construction
- New Leasehold Improvement Construction
- Renovation Construction
- Construction Equity Injection Requirements
- Construction of Single-Use Properties
- Special Construction Materials
- SBA Construction Loan Provisions for Loans over $350,000
- SBA Construction Loan Provisions for Loans under $350,000
- Lender Lien Requirements
- SBA 504 Loan Construction Financing and the 3rd Party Lender
- SBA 504 Interim Financing
- Construction Loan Insurance Requirements
- SBA Completion Bond Requirements
- Green Construction Projects
- Appraisal Requirements for Construction Loans
- Documents Requirement for Construction Loans
- The Contingency Fund
- How to Handle Deviations from Plans and Specs
- How to Handle Cost Overruns
- What SBA Requires when Construction is Completed
- The Different Construction Rules for PLP and GP Lenders
- Refinancing interim Construction debt
- Occupancy rules for new Construction projects
- Residential space rules for new Construction
- Using loan proceeds to purchase vacant land
- Logistics — Interest Rates, Loan Structure, Loan Maturities, Master Note
- Allowable Fees
- Using a 3rd party Construction Management Vendor
- Required Inspection Visits
- Funding Cost Overruns
- Required Lien Releases
- SBA Form 601
Coleman Report Webinar Benefits:
- Coleman Report webinars provide solutions to problems that left unaddressed will jeopardize the SBA loan guarantee.
- We give management the tools to create prudent credit boxes compliant with SBA’s standard operating procedures.
- We train your staff to ensure compliance of existing and new SBA rules and regulations.
- Tips that solve difficult SBA underwriting, servicing and liquidation challenges.
Your Training Staff
Lance Sexton
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 received three training industry awards for his webinar instruction and his 8-week loan closing course. 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 Fountainhead Commercial Capital and has been affiliated with Coleman Publishing for over eight years.
Bob Coleman
Bob Coleman 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 awards as a producer of events and video training. His passion is getting capital to Main Street and Rural American small business.
How the Webinar Works
We use Microsoft Teams as the webinar platform.
We will open the webinar for attendees to join at 1:30 pm 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.
Recording
All Coleman webinars are recorded and a link is sent to all attendees.
Single Site License
The single site license grants your institution one viewing of the webinar. It is permissible to use a single site license on one device in a conference room to be viewed by multiple attendees The webinar can be viewed on any device.
Multiple Site License
A multiple site license is an unlimited access pass for anyone at your institution. You will be given a link that will be usable to anyone with your email domain.
Webinar Links and Handouts
The webinar link will be included on your sales receipt.
The link will also be included when we send the presentation and handouts. These will be sent by eod the day before.
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.
Questions
Questions throughout the webinar are strongly encouraged. There are two ways to ask a question. The first is to ask the question via the chat in Microsoft Teams. The second is to send an email to anna@colemanreport.com. Also, feel free to ask pre and post-webinar questions.
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.
3 Easy Ways to Order
1) ONLINE — Register and pay online via Stripe
2) EMAIL –Send an email to cindy@colemanreport.com with “Webinar Registration” in the Subject Line. We will do all the paperwork and either send you a sales receipt or an invoice.
3) PHONE — Call us at 818-790-4591.
Bob Coleman
Publisher, Coleman Report
bob@colemanreport.com