Objectives of the Presentation
Why Should you Attend
- SBA History and Mission
- Types of SBA Financing Programs
- The SBA 504 Program: Financing for Fixed Asset Needs
- Roles of the Bank or Credit Union in SBA Lending
- The SBA Application Process
- Documents Needed for Small Business Loan Applications
- Some SBA Success Stories
Today's lending environment is different from what existed prior to 2008. Because of the financial crisis that began that fall, many lenders have been forced to limit the risks associated with lending money to businesses. Additionally, many businesses have ceased being profitable and as a result have not shown the ability to service debt as they previously had done.
As a result of today's stricter lending environment, the Small Business Administration (SBA) is being utilized more than ever. SBA lending programs can provide credit enhancements for deals that otherwise could not be funded by banks, credit unions, and others.
This webinar will provide information about the SBA, its lending programs and the ways in which to best use those programs. Of particular importance will be discussion of the specifics associated with the SBA's two most used and popular programs: the SBA 504 Program and the SBA 7a Program. The 504 Program is a direct loan program used exclusively by businesses which need to invest in fixed assets, such as land, buildings, machinery and equipment. The 504 Program relies on participation by lenders who finance up to 50% of the fixed asset needs of a project. The SBA 7a program provides maximum flexibility and is a guarantee program that will minimize the risks associated with lending money to a business by guaranteeing the loans made by financial institutions.
Who will Benefit
- Commercial Loan Officers
- Branch Managers
- Credit Analysts
- Supervisory Personnel
- Members of Boards of Directors
The Small Business Administration (SBA) is the primary guarantor of business loans in the United States. The SBA has a number of different lending programs which both guarantee and provide direct financing to banks, credit unions, and other SBA approved lenders. By using the SBA, lenders are able to stretch their financing resources and make more loans. Using the SBA also allows lenders to lessen the risk associated with risky credits.