SBA Lending Update 2013: Trends, Regulations, & a Look at SOP 50 10
Date: April 23, 2013
Time: 2:00 PM- 3:30 PM CST
About:
In today's economic climate, the U.S. Small Business Administration (SBA) loan programs continue to be one of the primary outlets for 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. Compliance with SBA regulations is mandatory to ensure success and profitability. 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 you.
HIGHLIGHTS
> Eligible uses of loan proceeds in EPC/OC transactions
> Change of ownership – stock purchases/redemptions
> Key technical issues
> Allowable legal fees
> Allowable fees for packaging and other services
> Debt refinancing
> CAPLines
> Post-approval loan modifications
> Changes to Small Loan Advantage Program
> TAKE-AWAY TOOLKIT
- Links to key information on the SBA website, including the most-recent version of the SOP 50 10, SBA forms, and SBA policy notices
Registration Options:
Live Webinar- $200
The LIVE WEBINAR option allows you to have one
telephone connection for the audio portion and one Internet connection
(from a single computer terminal) to view online visuals as the
presentation is delivered. You may have as many people as you like
listen from your office speaker phone. Registrants receive a toll-free
number and pass code that will allow entrance to the seminar. The
session will be approximately 90 minutes, including question and answer
sessions. Seminar materials, including instructions, pin number, and
handouts will be emailed to you prior to the broadcast. You will need
the most current version of Adobe Reader available free at www.adobe.com.
On Demand Web Link & CD- $200
Can’t attend the live webinar? The ON-DEMAND WEB LINK
is a recording of the live event including audio, visuals, and
handouts. We even provide the presenter’s email address so you may ask
follow-up questions. Approximately 1 week prior to the webinar, you
will receive an email with the web link. This web link can be viewed
anytime 24/7, beginning 6 business days AFTER the webinar and will
expire 6 months after the live program date. But there's more . . . AS
AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The
CD ROM includes the original audio/visual presentation, the question and
answer sessions, and the handouts. Use the on-demand link or this
“off-the-shelf” training program for those that could not attend the
live seminar and for future training.
Live Webinar & On-Demand Web Link (INCLUDES FREE CD-ROM)- $250
Includes options 1 and 2 above
Special Registration Option for member credit unions under $20 million-$169
On-demand link only (does not include CD or live webinar)
*To register for this webinar, click here.
For more information, please contact Carrie Buchholz at:
(P) 405.702.8622 ext. 215
(E) carrie@cuaok.org
Speakers | |
| Dery, Janet | |
| 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. Janet is admitted to practice in Pennsylvania and New Jersey and is qualified as a designated closing attorney under the US Small Business Administration’s 504 loan program. In addition, she is a member of the American Bar Association, the National Association of Government Guaranteed Lenders (NAGGL), and the National Association of Development Companies (NADCO). From 2007-2008 and 2010-2012, Janet was named a Pennsylvania “Rising Star” by Philadelphia Magazine. She earned her Bachelor’s from The State University of New York in Oneonta and a JD from Widener University School of Law in Wilmington, DE. | |
| Rayer, Kimberly | |
|
Kimberly Rayer is a partner in the law firm Starfield & Smith, PC, where her practice concentrates on financial services, commercial contracts, and corporate law. Kimberly has extensive experience representing financial institutions and companies in connection with government guaranteed lending, commercial financing, and other secured transactions. She is admitted to practice before the Supreme Courts of Pennsylvania and New Jersey and the Federal District Court for the Eastern District of Pennsylvania. In addition, she is a member of the American Bar Association and the National Association of Government Guaranteed Lenders (NAGGL) and was named as a Pennsylvania “Rising Star” by Philadelphia Magazine in 2010. She received a BS from Drexel University and a JD from the James E. Beasley School of Law, Temple University. | |