SBA 504 and 7(a) Overview Training
On behalf of the Minnesota Chapter of the Risk Management Association, Michelle Mueller (MBFC) and Erin Procko (Bell State Bank & Trust) will be instructing an education course, SBA 504 and 7(a) Overview on Wednesday, February 27 (8:00am – 12:00pm) at Bell State Bank & Trust.
Do you know the difference between SBA 504 and 7(a) loans? These programs allow lenders to minimize their exposure, reduce risk, and assist their customers with enhanced terms.
The half-day course is for both new and experienced lenders needing to understand current 504 and 7(a) program requirements, a review of loan eligibility, credit underwriting expectations, and a discussion of the closing process. Case study examples will be reviewed for each program.
For more information, download the course overview (PDF).