SBA Loan Closings (Session 5): Use of Loan Proceeds, Equity Injection and Fees in 7(a) Loans

This program can be taken individually or as Chapter 5 of the 7(a) Loan Closing Course. This program is designed for attorneys, paralegals, and bankers engaged in closing SBA Loans, especially 7(a) 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:

• Eligible Use of Loan Proceeds

• Documenting Use of Loan Proceeds

• Equity Injection Requirements

• 7(a) Loan Program Fees

• Compensation Agreement (SBA Form 159)

• Agents and SAM Exclusions

This course and all 7(a) Loan Closing courses were produced with a partner and are not included in any of our unlimited CLE subscriptions.