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. Compliance with SBA regulations is mandatory to ensure success and profitability. It is critical to understand the new rules and current interpretations of regulations to make the SBA loan programs work for your credit union. Highlights of this session include:
- Eligible uses of loan proceeds in EPC/OC transactions
- Change of ownership – stock purchases/redemptions
- Allowable legal fees
- Debt refinancing
- Post-approval loan modifications
- Changes to Small Loan Advantage Program
Presenter: Kimberly Rayer & Janet Dery, Starfield & Smith PC
Who should attend: Branch Managers, Business Development Staff, Lenders and CEOs
Time: 2 p.m.-3:30 p.m.
Cost: $209 for live webinar only; $229 for live webinar, plus a web link and free CD-ROM
Registration deadline: Thursday, April 18
Pairing conferencing capabilities with web technology, this session brings informative, interactive training directly to you. During the webinar, you'll view a real-time PowerPoint presentation on your computer while listening to the audio connection via telephone.
While credit unions are encouraged to use the webinar to train multiple individuals at once, the credit union will be charged for each computer connection that uses its login code. Participants will receive login instructions and handout materials via email prior to the webinar. In addition, registrants may also receive an archive CD-ROM after the live session.