SBA Loan Closings (Session 6): Interim Financing and Third Party Loans in SBA 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 6 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:

• Sources of Interim Financing and Do-It-Yourself Construction

• Construction Escrows

• Construction Contingencies

• Interim Loan Documents

• Interim Lender Certification

• Requirements for Third Party Loans

• Third Party Loan Documents

• Third Party Lender Agreement

• Debt Refinancing without Expansion

• Third Party Lender Participation Fee

• Seller and Subordinated Financing including Industrial Development (IDBs) or Industrial Revenue (IRBs) Bonds and C-PACE Financing