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

Tuesday, April 23, 2013
3:00 PM (GMT-05:00) Eastern Time (US & Canada)
4:30 PM

 

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

WHO SHOULD ATTEND?
This informative session is designed for business development officers, loan closers, loan portfolio managers, loan administrators, SBA lending department managers, and other personnel responsible for origination, closing, and servicing SBA loans.

ABOUT THE PRESENTERS – Kimberly A. Rayer, Esq. & Janet Dery, 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. 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.

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.

PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone.  If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.

THREE REGISTRATION OPTIONS
1.  LIVE WEBINAR

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.

2.  ON-DEMAND WEB LINK** AND FREE CD ROM*
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.

3.  BOTH LIVE WEBINAR AND ON-DEMAND WEB LINK** (INCLUDES FREE CD-ROM*) Includes options 1 and 2 above
*CD Rom for PC use only
**All materials are subject to copyright and intended for your credit union's use only.

NEW! Listen on your iPad, iPhone, or Android. Instructions will be emailed to you with the on-demand link.

INVESTMENT:
$199.00 Webinar per connection
$199.00 Archived On-Demand Web Link & Free CD ROM
$249.00 Both Live Webinar & Archived On-Demand Web Link & Free CD ROM

TIME: 3:00 p.m. - 4:30 p.m.

To register and pay by check, email Mary Zelinsky at mzelinsky@njcul.org and your credit union will be invoiced. To register and pay online, click here.