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

This is a Partner Course. Lawline has teamed up with this faculty member to produce this premium CLE content. As such, this course is not included in subscription access and must be purchased separately.

In partnership with Janice E. Garlitz*, this program:

• Is accredited for Continuing Legal Education (CLE) credit in the states listed on this page

• Is approved by the U.S. Small Business Administration (SBA) for Designated Attorneys 

• Contains course materials that are SBA-approved

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

• Site Visits

• Closing and Recording Lien Instruments

• Closing Settlement Statement

• Qualifications of CDC to Become a Priority CDC

• Qualifications of Designated Attorney

• Expedited 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