Collecting SBA Loans:
Critical Steps in Protecting the SBA Guaranty

(90-minute webinar – recording also available)

Wednesday, March 25, 2020

12:00 PM Pacific                 1:00 PM Mountain

2:00 PM Central                 3:00 PM Eastern

Trying to collect SBA loans can be tricky. The SBA has very specific collection rules that must be followed to protect your SBA guarantee. Do you know the proper steps to collect and liquidate 7(a) and 504 loans? 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Follow the collection rules under the SBA 7(a) and 504 guaranteed loan programs
• Explore the SBA 7(a) lender matrix for servicing and liquidation actions
• Review the SBA 504 Third Party Lender Agreement
• Create an appropriate liquidation plan
• Properly document your loan file under SBA rules

WEBINAR DETAILS

It is imperative to protect the SBA guaranty – and the rules are strict. For example, your institution must notify the SBA within specific deadlines after taking certain collection actions, but you must obtain the SBA’s prior approval before taking other collection actions. In addition, you must document the business justification for your collection actions and retain the supporting documentation in the loan file so the SBA may later determine if your collection actions were commercially reasonable and complied with the SBA’s requirements. In addition, institutions are often required to submit a formal liquidation plan to the SBA. This webinar will explain the proper steps to collect and liquidate SBA 7(a) and 504 loans, the two most common SBA guaranteed loan programs.

WHO SHOULD ATTEND?

This informative session is designed for those involved with SBA loans, including loan officers, loan operations staff, collections personnel, compliance staff, attorneys, auditors, and managers.

TAKE-AWAY TOOLKIT

• SBA’s Servicing and Liquidation Actions 7(a) Lender Matrix
• SBA’s Standard Operating Procedure 50 57 2 for 7(a) Loan Servicing and Liquidation
• SBA’s Third Party Lender Agreement for 504 Loans
• Employee training log
• Interactive quiz

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         MEET THE PRESENTER

Elizabeth Fast, JD, CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.

Please note:  The live webinar option allows you to have one internet connection (from a single computer terminal).  You may have as many people as you like listen and watch from your office computer.

THREE REGISTRATION OPTIONS

Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.

1. LIVE WEBINAR

The live webinar option allows you to have one internet connection from a single computer terminal.  You may have as many people as you like listen and watch from your office computer.  Registrants receive a website address and passcode that allows entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, passcode, and handouts will be emailed prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com. 

2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar?  This option provides a recording of the live event, including audio, visuals, and handouts.  We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar.  You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

The recorded webinar may ONLY be ordered for 6 months following the live webinar.  In addition, the download must be completed within 6 months of the live webinar date. 

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE