Webinar: SBA Update, Including Lessons Learned from 7(a) Loan Program Changes
April 7, 2025 3:00 pm - 4:30 pm
Besides new and amended SOPs, policy notices clarifying guidance regarding SBA 7(a) and 504 loans have been issued.
This program will provide an overview of the recent updates, address new processes, explain the risks, and delve into how lenders may wish to revise their internal policies and procedures to maintain compliance.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Determine an applicant’s eligibility for a 7(a) or 504 loan
- Evaluate partial change of ownership structures
- Discuss modifications to SBA’s Closing and Servicing Standard Operating Procedures (SOPs)
- Explain updates to 7(a) Lender Matrix
- Describe the current SBA guaranty purchase submission process
WEBINAR DETAILS
The SBA issued new standard operating procedures in the fall of 2023 that significantly revised the way lenders underwrite, close, and service SBA 7(a) and 504 loans. Since then, amended versions of the SOPs have been issued as well as policy notices revising and clarifying certain SBA guidance. Some revisions have increased opportunities and streamlined processes for SBA lenders, while others may have unintentionally created more ambiguity and risk.
This session will focus on the changes to affiliation, change of ownership, and when to obtain certain due diligence, such as IRS tax transcripts, appraisals, and flood insurance. It will also look at when you must notify the SBA of certain servicing and liquidation actions. It will touch upon the updated Universal Purchase Package tabs which are part of the SBA guaranty purchase process. While this program will provide an overview of the recent changes, it will also give some examples of where SBA lenders have had issues with the new rules and where the SBA lending community is hoping to obtain more guidance.
WHO SHOULD ATTEND?
This informative session is designed for commercial loan officers, loan closers, managers, administrators, and personnel responsible for underwriting, closing, post-closing, servicing, and liquidating SBA loans.
TAKE-AWAY TOOLKIT
- Links to all the latest SOPs, policy notices, and UPP tabs
- Copy of the updated 7(a) Lender Matrix
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Kimberly Rayer, JD, Starfield & Smith, PC
Kim Rayer is a Shareholder at Starfield & Smith, PC. She concentrates her practice in the area of commercial finance, focusing primarily on government guaranteed lending. As closing counsel for lenders nationwide, she advises on eligibility, closing, and servicing requirements under the SBA 7(a) and 504 loan programs. She also represents lenders in warehouse lines of credit, securitizations, and loan portfolio sales. Kim advises on SBA regulatory compliance and guaranty purchase and presents on SBA lending at various regional and national banking conferences. Kim received a bachelor’s from Drexel University and a JD from the James E. Beasley School of Law, Temple University and is admitted to practice law in Pennsylvania and New Jersey.