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Workout & Liquidation of an SBA Loan

Thursday, September 14, 2017

12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

The government guaranty is unquestionably the most important collateral for any SBA loan. However, the ability of an SBA lender to collect on the guaranty can be far from certain. The detailed, complex procedures for servicing and liquidating loans can be unwieldy. These procedures require lenders to take steps they may not ordinarily take with conventional loans. Even when lenders have made all the right decisions regarding the servicing and liquidation of a loan in default, they may not document their actions sufficiently and in accordance with SBA requirements. Often these mistakes don’t come to light until the SBA denies a guaranty purchase request or penalizes a lender with a repair to its guaranty. From the post-default site visit, through the wrap-up report and charge off, this webinar will review how to properly handle a workout or liquidation of an SBA loan in default.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • The first steps a lender should take when an SBA loan goes into default
  • Considerations for loans sold on the secondary market
  • Determining when to work with borrowers and when to move straight to liquidation or litigation
  • Review of the various packages to be submitted to the SBA and when that should occur
  • Top reasons why lenders are seeing denials and repairs of their SBA guaranties

  • TAKE-AWAY TOOLKIT
    • 7(a) Guaranty Purchase Package Tabs
    • Litigation Plan Tabs
    • Offer in Compromise Tabs
    • Care and Preservation of Collateral Tabs
    • 7(a) Servicing and Liquidation Actions Lender Matrix
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

RELATED WEBINAR STILL AVAILABLE!

"Getting Started with SBA Lending"
Wednesday, July 12, 2017

WHO SHOULD ATTEND?

This informative session is designed for bank employees who deal directly with loan servicing and the special assets department, loan officers, loan closers, administrators, and bank executives responsible for or interested in a deeper understanding of the SBA loan programs and servicing and liquidation of SBA loans going into default.

PLEASE NOTE: Program content is subject to copyright and intended for your individual financial institution’s use only.

MEET THE PRESENTER