SBA Loan Closings (Session 12): Closing, Funding and Post-Funding Requirements of 504 Loans

This program can be taken individually or as Chapter 12 of the 504 Loan Closing Course designed for attorneys and paralegals, CDC managers and staff, and bankers and bank counsel engaged in closing SBA 504 Loans or interested in learning more about integrating the closing process with loan eligibility and packaging and loan servicing.

This program discusses the following topics:

• 504 Loan Closing Forms

• Closing and Recording Lien Instruments

• Closing Settlement Statement

• Expedited Processing of 504 Loan Closings

• Qualifications of CDC to Become a Priority CDC

• Qualifications of Designated Attorney

• Streamlined Closing and Submission of Closing Packages to SBA

• Submission of Documents to Central Servicing Agent

• Submission of Documents to Commercial Loan Service Center

• Complete File Reviews

• Responsibility for Closing and Enforcement Actions

• Independent Loan Reviews

This course and all 504 Loan Closing courses were produced with a partner and are not included in any of our unlimited CLE subscriptions.