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Friday, September 25, 2020

Collecting SBA Loans: Critical Steps in Protecting the SBA Guaranty

Start Date: 3/25/2020 1:00 PM MDT
End Date: 9/25/2020 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: (303) 832-2000

Collecting SBA Loans: Critical Steps in Protecting the SBA Guaranty
1:00 pm – 2:30 pm MT

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
 
DON’T MISS THESE RELATED WEBINARS!
Collections & Right of Set Off in Commercial Lending
on Wednesday, August 19, 2020
 
Introduction to SBA Lending
on Monday, July 15, 2019
 
   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.


THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. Recorded Webinar Includes
  • Available 6 business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
 3. Purchase the BOTH Option to receive all the benefits listed above!

Online Registration

Registration is Closed
Closed: 9/25/2020 1:00 PM

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