In today's economic climate, the U.S. Small Business Administration (SBA) loan programs continue to be one of the primary outlets for credit unions and other lending institutions to provide capital to their small-business members and, at the same time, secure a 50% to 85% loan guaranty from the federal government. While the program can be quite profitable, it is not without risks. Compliance with SBA regulations is mandatory to ensure success and profitability. Due to numerous changes over the last year, it is critical to understand the new rules and current interpretations of regulations in order to make the SBA loan programs work for you.
- Eligible uses of loan proceeds in EPC/OC transactions
- Change of ownership – stock purchases/redemptions
- Key technical issues
- Allowable legal fees Allowable fees for packaging and other services
- Debt refinancing
- Post-approval loan modifications
- Changes to Small Loan Advantage Program
- TAKE-AWAY TOOLKIT
- Links to key information on the SBA website, including the most-recent version of the SOP 50 10, SBA forms, and SBA policy notices
Who Should Attend:
This informative session is designed for business development officers, loan closers, loan portfolio managers, loan administrators, SBA lending department managers, and other personnel responsible for origination, closing, and servicing SBA loans. Attendance verification for CE credits provided upon request.
About the Presenters: Kimberly A. Rayer, Esq. & Janet Dery, Esq., Starfield & Smith, P.C.
Kimberly Rayer is a partner in the law firm Starfield & Smith, PC, where her practice concentrates on financial services, commercial contracts, and corporate law. Kimberly has extensive experience representing financial institutions and companies in connection with government guaranteed lending, commercial financing, and other secured transactions. She is admitted to practice before the Supreme Courts of Pennsylvania and New Jersey and the Federal District Court for the Eastern District of Pennsylvania. In addition, she is a member of the American Bar Association and the National Association of Government Guaranteed Lenders (NAGGL) and was named as a Pennsylvania "Rising Star” by Philadelphia Magazine in 2010. She received a BS from Drexel University and a JD from the James E. Beasley School of Law, Temple University.
Janet Dery is a partner in the law firm of Starfield & Smith, PC. She has extensive experience representing financial institutions and companies in connection with government-guaranteed lending, commercial lending, real estate, business acquisitions, and corporate law. Janet is admitted to practice in Pennsylvania and New Jersey and is qualified as a designated closing attorney under the US Small Business Administration’s 504 loan program. In addition, she is a member of the American Bar Association, the National Association of Government Guaranteed Lenders (NAGGL), and the National Association of Development Companies (NADCO). From 2007-2008 and 2010-2012, Janet was named a Pennsylvania "Rising Star” by Philadelphia Magazine. She earned her Bachelor’s from The State University of New York in Oneonta and a JD from Widener University School of Law in Wilmington, DE.
|Over $75 million
|$7 - 75 million
|Under $7 million
Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.