This webinar will explain the fundamentals of SBA lending and the two most used and popular SBA’s programs: the SBA 504 Program and the SBA 7a Program. Attendees will learn how to document SBA loans, as well as closing and funding SBA loans.
As a result of today’s stricter lending environment, the Small Business Administration (SBA) is being utilized more than ever. SBA lending programs can provide credit enhancements for deals that otherwise could not be funded by banks, credit unions, and others.
This webinar will provide information about the SBA, its lending programs and the ways in which to best use those programs. Of particular importance will be discussion of the specifics associated with the SBA’s two most used and popular programs: the SBA 504 Program and the SBA 7a Program. The 504 Program is a direct loan program used exclusively by businesses which need to invest in fixed assets, such as land, buildings, machinery and equipment. The 504 Program relies on participation by lenders who finance up to 50% of the fixed asset needs of a project. The SBA 7a program provides maximum flexibility and is a guarantee program that will minimize the risks associated with lending money to a business by guaranteeing the loans made by financial institutions.
Why Should You Attend:
Today’s lending environment is different from what existed prior to 2008. Because of the financial crisis that began that fall, many lenders have been forced to limit the risks associated with lending money to businesses. Additionally, many businesses have ceased being profitable and as a result have not shown the ability to service debt as they previously had done.As a result of today’s stricter lending environment, the Small Business Administration (SBA) is being utilized more than ever. SBA lending programs can provide credit enhancements for deals that otherwise could not be funded by banks, credit unions, and others.
This webinar will provide information about the SBA, its lending programs and the ways in which to best use those programs. Of particular importance will be discussion of the specifics associated with the SBA’s two most used and popular programs: the SBA 504 Program and the SBA 7a Program. The 504 Program is a direct loan program used exclusively by businesses which need to invest in fixed assets, such as land, buildings, machinery and equipment. The 504 Program relies on participation by lenders who finance up to 50% of the fixed asset needs of a project. The SBA 7a program provides maximum flexibility and is a guarantee program that will minimize the risks associated with lending money to a business by guaranteeing the loans made by financial institutions.
Areas Covered in the Webinar:
- SBA History and Mission
- Types of SBA Financing Programs
- The SBA 504 Program: Financing for Fixed Asset Needs
- Roles of the Bank or Credit Union in SBA Lending
- The SBA Application Process
- Documents Need for Small Business Loan Applications
- Some SBA Success Stories
Who Will Benefit:
- Commercial Loan Officers
- Branch Managers
- Credit Analysts
- Supervisory Personnel
- Members of Boards of Directors
Course Provider
Vincent DiCara,
