February 12, 2018

SBA LENDER TRAINING: PRESERVING THE SBA GUARANTY

SBA Lender Training on Preserving the SBA Guaranty
West Virginia & Tennessee District Office
February 13, 2018 – 11:00 a.m. EST

There are three main errors leading SBA to recommend a cancellation, denial, or repair of its guaranty during the purchase process at the time of closing.  Additionally, SBA loans must be serviced and liquidated in a diligent, conflict of interest and Preference-free, commercially reasonable manner that is consistent with the Loan Authorization, prudent lending practices and the SBA Loan Program Requirements in effect at the time the action is taken.  Guest presenter is Lender Service Provider, Gary Griffin of Capital Growth Solutions.

Topics covered during the webinar include:

  • The 7 steps to secure your guaranty
  • Unauthorized, improper, uncontrolled, or undocumented disbursement of loan proceeds
  • Failure to obtain or adequately document a required equity injection
  • Failure to obtain required collateral or property perfect lien position
  • Review and Analysis on Servicing Requests
  • Critical Deadlines
  • When to do a workout
  • Helpful hints on 10-tab
  • Most common reasons for denial and repair