SBA’s SOP: Master the 2025 7(a) and 504 Loan Program Changes – 12/18

Effective Immediately!

A Coleman Webinar
Date: Wednesday, December 18, 2024
Time: 2:00 p.m. Eastern
Includes e-certification & recording

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$800 Unlimited Access License

A new 14-page procedural notice from the SBA, effective December 6th, introduces several changes to SBA’s underwriting SOP 5010 7.1, as well as the servicing and liquidation of 7(a) and 504 loans.

This end-of-year notice contains important policy clarifications for the 7(a) and 504 Loan programs, addressing a wide variety of issues.

Join Coleman professional faculty and national award-winning webinar instructor Lance Sexton as he discusses these changes.

As a bonus, the presentation will include all of the changes to the SOP 5057 Loan Servicing and Liquidation Manual, effective December 1st.

Lance will deliver an organized, concise one-hour presentation that trains your staff on what they need to know for 2025.

This webinar will thoroughly discuss the following topics:

Refinancing of merchant cash advance or fintech debt
Business acquisition loan maximum maturities
Business acquisition partial change of ownership financing
Collateral for 7(a) loans
The definition of “fully secured” collateral
Leasehold improvement financing
Landlord reimbursements for tenant improvements
Collateral requirements on business acquisition loans
Collateral requirements for small loans and SBA Express Loans
Logistics for do-it-yourself construction
IRS tax transcripts
Signature of a non-owner spouse on the owner’s personal financial statement
Participation in projects that obtain C-PACE financing

For the 504 Loan program:

Lender notification for prior government debt refinancing
Business acquisition loans
Appraisals
Alternative documentation verifying seller’s revenue

Additionally, SBA will be reviewing and updating several procedural notices, including:

Criminal justice final rule
Size standards
504 debt refinancing
504 loan energy public policy projects
CDC character determinations
ESOPs changes of ownership

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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 earned three industry training instruction awards for “Best Online Learning Product”. A former SBA Deputy Director of Little Rock Servicing Center, Lance has over 40 years of experience, including 20 years directly managing portfolios of SBA loans. Lance is an adjunct faculty member of University of the Ozarks. He is an Executive Vice President, Managing Director of Servicing and Liquidation at an SBA participant lender and has been affiliated with Coleman Publishing for over 10 years.

Bob Coleman
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 awards as a producer of events and video training.
His passion is getting capital to Main Street and Rural American small business. Bob’s SBA lending roots trace back to institutions in Southern California, serving as Sr. Vice President and SBA Manager of a community bank and a Chief Operations Officer of a SBLC. He is a founding director of NAGGL.

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.

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.

Download your registration form today!