Webinar: SBA Lending Update 2013: Trends, Regulations & A Look at SOP 50 10

Start: 3:00 pm
End: 4:30 pm
Event Days: 04/23/2013 - 04/23/2013

U.S. Small Business Administration (SBA) loan programs enable credit unions and other lending institutions to provide capital to their small-business members and, at the same time, secure a 50% to 85% loan guaranty from the federal government. While the program can be quite profitable, it is not without risks. Due to numerous changes over the last year, it is critical to understand the new rules and current interpretations of regulations in order to make the SBA loan programs work for your credit union.

About This Session:

This webinar will cover the following topics:

  • Eligible uses of loan proceeds in EPC/OC transactions
  • Change of ownership - stock purchases/redemptions
  • Key technical issues
  • Allowable legal fees and allowable fees for packaging and other services
  • Debt refinancing
  • CAPLines
  • Post-approval loan modifications
  • Changes to Small Loan Advantage Program
  • TAKEAWAY TOOLKIT with links to key information on the SBA website

Who Should Participate:

Business development officers, lending professionals and others responsible for SBA loans

About the Presenters:

Kimberly A. Rayer, Esq., Starfield & Smith, P.C.

Kimberly Rayer is a partner in the law firm Starfield & Smith, PC, where her practice concentrates on financial services, commercial contracts and corporate law. Rayer has extensive experience representing financial institutions and companies in connection with government guaranteed lending, commercial financing and other secured transactions.

Janet Dery, Esq., Starfield & Smith, P.C.

Janet Dery is a partner in the law firm of Starfield & Smith, PC. She has extensive experience representing financial institutions and companies in connection with government-guaranteed lending, commercial lending, real estate, business acquisitions and corporate law. Dery is qualified as a designated closing attorney under the US Small Business Administration's 504 loan program.