Recorded: November 29, 2017
Length: 60 Minutes
Presenter: Bob Coleman, Coleman Publishing
Recently, Small Business Administration (SBA) issued a new standard operating procedure underwriting manual for its 7(a) and 504 loan programs effective January 1.
This major rewrite discloses numerous traps for SBA lenders who do not follow and implement the agency’s new guidance. If you outsource to a lender service provider (LSP), SBA has a slew of new rules you must follow. Given the recent raid by the FBI on the nation’s largest SBA loan service provider to over 400 lenders, banc-serv, this information is of the utmost importance to C-suite SBA lenders.
In this webinar, Bob Coleman, a national SBA and small business lending expert, explains what the C-suite needs to know to prudently oversee your SBA department managers operations.
If SBA lending is an important part of your loan product mix, or you think it should be, you must attend this webinar to ensure proper oversight of your loan portfolio.
New mandated minimum equity injection requirements
Guidance to obtain the personal guaranty for 20 percent or less owners
Reduction of franchise eligibility paperwork
Guidance for lenders who outsource to LSPs
Accessing and interpreting your bank’s SBA’s PARRiS score
What the C-suite absolutely needs to know about SBA’s “credit elsewhere” rule
How to avoid an SBA False Claims Act action
How to avoid an SBA loan guaranty denial or repair
How to know if you will be compliant with the Dec. 1, 2017, date regarding SBA charge-offs
Implementing the new SBA One Loan platform to process, service and liquidate loans
How to use the SBA credit score to satisfy your regulators, while safely building your SBA loan portfolio
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