Coleman Certified SBA 7(a) Loan Closer Training

 

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Coleman Certified SBA 7(a) Loan Closer Training

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Coleman Certified Loan Training solves the single biggest cause of SBA guaranty denials — errors with your closing documents.

If your loan closers fail to comply with tricky—intricate—and new — SOP 50 10 7.1 requirements, it can cost your bank millions of dollars.

To ensure that your staff fully comply with all procedures and necessary documentation, this training provides an insider’s look at tips and techniques for closing SBA loans perfectly — every time.

THE RESULT :

Speedier closings, reduced repair charges and
elimination of SBA guaranty denials.

Coleman’s SBA Loan Closing training includes:

  • Award-winning online training program

  • 8-week recommended course format

  • Flexible scheduling allows you to proceed at your own pace

  • Instructor-led video segments

  • Quizzes for knowledge reinforcement

  • Access to instructor for personalized answers to your questions.

  • Professional certification upon completion

  • Trusted by over 400 SBA 7(a) Loan Closers

  • Thousands of SBA 7(a) Lending Professionals have completed Coleman Training programs

You will also gain access to a private monthly Zoom call. Connect with your SBA loan closing peers.

Your faculty trainers bring a wealth of inside SBA Lending perspective

Lance Sexton, National SBA Loan Closing Training Expert

Lance Sexton is the Former SBA Deputy Director, Little Rock Commercial Loan Servicing Center. Lance managed the Servicing of SBA Loans, the liquidation of SBA Express Loans, and the Liquidation of SBA 504 loans in a 24 state area. Lance has 30 years of experience in the origination, servicing, and liquidation of SBA Loans, ten years of experience directly managing portfolios of SBA loans that are both performing and nonperforming, and six years of experience as a small business owner.

He has served as Vice President, Senior Vice President, and Executive Officer of three community banks building and managing SBA portfolios at each bank. Lance also was a faculty member of the Sam M Walton College of Business at the University of Arkansas teaching entrepreneurship courses.

Here’s what your team will learn during this eight-week (about 30-hours) online video program

☑ Week 1

– The Prudent Lender

– Eligibility

– Credit Analysis for Loans under $500,000

– Credit Analysis for Loans over $500,000

– Loan Structure and Guaranty

☑ Week 2

– Elimination of SBA Loan Authorization

– Use of Proceeds

– Loan Authorization Changes

– The Credit Memo

☑ Week 3

– Credit Elsewhere

– Equity Injections

– The SBA Guaranty

– Equity Injection Fraud

☑ Week 4

– Standby Agreements

– Goodwill and Appraisals

– SBA Form 1919

– SBA Form 159

☑ Week 5

– Required Forms

– SBA Express Loans

– IRS Form 4506-C

– Leases

☑ Week 6

– Collateral

– Franchises

– Insurance

– Construction Loans

☑ Week 7

– Escrow and Appraisals

– Refinancing

– Use of Proceeds

– Working Capital

☑ Week 8

– File Review

– The Ten Tab Format

– Early Default

– PARRiS Review

Download Form & Register Today! $1495 per seat

Or Pay Online with Stripe

What you get from our training:

  1. Comprehensive and Updated Training: Our program covers all the essential aspects of SBA 7(a) loan closing, following the SOP 50 10 7.1 guidelines. With an All-New Updated Online Training course, you can stay up-to-date with the latest industry standards and best practices.

  2. Flexible Learning Environment: Our 8-week course offers the convenience of online learning, allowing you to participate at your own pace and on your preferred schedule. This flexibility ensures that you can balance your professional commitments while improving your skills.

  3. Expert Instruction: Led by Lance Sexton, an experienced and award-winning instructor, you can trust that the training you receive is of the highest quality. Lance brings his expertise directly to you through video segments, providing valuable insights and practical knowledge throughout the program.

  4. Reinforcement and Assessment: Quizzes to reinforce your understanding and retention of the course material. This structured approach ensures that you grasp key concepts and are well-prepared for practical applications.

  5. Professional Certification: Upon successful completion of the training, you will receive a professional certification, validating your expertise in SBA 7(a) loan closing. This certification can enhance your professional reputation and open doors to new career opportunities.

Benefits for Loan Closers and Lending Professionals:

  1. Improved Skills and Efficiency: By participating in our training program, you will enhance your knowledge and skills in SBA 7(a) loan closing. This will enable you to perform your duties more effectively and efficiently, leading to improved loan closing processes and increased customer satisfaction.

  2. Career Advancement Opportunities: With the professional certification you earn through our training, you can set yourself apart from your peers and increase your chances of career advancement. Employers recognize and value employees with specialized training, and this certification can open doors to new job opportunities and higher-level roles.

  3. Increased Confidence: Our comprehensive training program gives you the knowledge and tools you need to confidently handle SBA 7(a) loan closing tasks. As you gain expertise, you will feel more confident in your abilities, allowing you to tackle complex loan closings with ease and poise.

  4. Network Expansion: By enrolling in Coleman Training, you join a community of over 400 SBA 7(a) Loan Closers professional. This opens up opportunities for networking, collaboration, and knowledge-sharing with like-minded professionals in your industry.

  5. Positive Impact on Loan Closing Process: Ultimately, our training program aims to positively impact the loan closing process. By equipping you with the necessary skills and expertise, we empower you to provide top-notch service to your clients and ensure a smooth and efficient loan closing experience.

Invest in your professional growth and success by enrolling in the Coleman Certified SBA 7(a) Loan Closer Training. Expand your knowledge and make a positive impact on your loan closing process.

FAQ’s on Coleman’s Online Certification Courses

What platform does the Coleman online course use?
We use Litmos as the platform. You will access the course from the Litmos website without downloading anything to your computer.

How many weeks does the course run?
Eight weeks

How much time will I need to devote to the course?
Three to four hours per week.

How do the segments work?
Each week is divided into segments averaging ten minutes each.

Do I have to finish each segment every week?
No, you may complete the course at your own pace.

Are there reading assignments?
There will be assigned reading materials drawn from the SOPs, SBA Inspector General audits, and the Coleman Report newsletter.

Tell me about quizzes.
At the end of each segment there will be a short multiple-choice quiz to test your mastery of the segment. Segments may be viewed as many times as you wish.

How do I become a certified Coleman SBA Loan Closer?
At the end of the course, you may choose to take a final exam. Those who score 90% or higher will receive a certification plaque. The exam is open material and may be taken as many times as you wish. Or, you may choose to complete a case study.

Is there an additional fee to become a Coleman Certified SBA Loan Closer?
No

How much does the course cost?
The fee is $1495.

What Others Say about Coleman Training

Thank you for the Class, I thoroughly enjoyed and have taken a lot away. Your course will make me a better SBA liquidator which will effectively save the Bank of North Carolina money, time, and energy in liquidating their SBA credits. Thank You! — Bill Kerns, Vice President, Special Assets, Bank of North Carolina

Coleman’s SBA 7(a) Loan Underwriter course was a great investment! Bob’s thorough presentation of SBA’s requirements for underwriting and processing 7(a) loan applications, together with the real life case studies, increased my confidence that I can do SBA 7(a) lending right! It was a very beneficial ten weeks!
Garry Throckmorton, Sr. EVP, Community Ventures, Lexington, Kentucky

This SBA One course has helped me in so many more ways than I ever expected, and want to extend my gratitude. You guys are great! Alicia K, Loan Documentation Processor

Thanks for the info, much appreciated. Thank you again for a great course. I must admit my initial skepticism of any online class. Your format and delivery was dead on! I liked the video modules, reading assignments, and the office hours really tied things together. Thanks again! — Ben Kirker

 

Bob Coleman
Editor, Coleman Report
28081 Marguerite Pkwy, #4525
Mission Viejo, CA 92690
(818) 790-4591