Lending to Small Businesses
(Including SBA Loans)
TELEPHONE - WEBINAR - AUDIO/VISUAL CD ROM


Wednesday
April 14, 2010

12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern

Meet the Presenter

Elizabeth Fast, JD & CPA Spencer Fane Britt & Browne

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Lending to small businesses can be tricky.  Many small business owners need additional assistance from their credit union to understand the lending process.  Further, the credit union is often faced with a small business owner who confuses the legal distinction between his personal and business operations.  This webinar will cover the basics of what every credit union needs to know to responsibly lend to small businesses.  We will not focus on the Small Business Administration’s programs, but we will review the two most-common SBA guaranteed loan programs.  This webinar is designed to improve your small business lending skills in general, and to make you more knowledgeable about the two most common SBA guaranteed loan programs. 

HIGHLIGHTS041410cu.jpg

  • Explanation of the various business entity borrowers (sole proprietorship, general partnership, limited partnership, corporation, and limited liability company) and the required authority documentation to lend to each type
  • Review of proper documentation for loans secured by real estate, inventory, accounts receivable, machinery, furniture, fixtures, and equipment
  • How to ensure that your credit union obtains a first-priority security interest in collateral
  • Risks associated with commingling business and personal funds
  • Overview of the SBA’s 7(a) and 504 guaranteed loan programs

 

WHO SHOULD ATTEND?

This informative session is designed for all personnel involved in small business lending, especially loan officers, loan operations personnel, credit analysts, compliance officers, attorneys, and managers.