Debt Refinance Applications Webinar - How to Avoid Screenouts
DATE: September 22, 2010
TIME: 2:00 - 3:30 pm ET
NADCO is pleased to announce a new webinar designed to assist CDCs when submitting loan applications for debt refinance projects. The webinar will provide guidance on submitting the appropriate exhibits for transcripts, debt instruments and collateral documents. It will also cover complicated packages and explain what information is necessary in the loan justification section.
Personnel from the Sacramento Loan Processing Center will be participating in the webinar and will provide case studies of packages that have been submitted that meet all necessary requirements and those that fall short. They will discuss common errors and omissions they are seeing and help CDCs identify and correct problems in advance of submitting packages to avoid screenouts.
This webinar will give you the information - and examples - you need including:
• What is required for a transcript of account
• What is required for the refinanced debt and lien instruments
• Calculating Substantial Benefit
• Refinancing Third Party Lender’s Loan
• Using equity for a down payment
• Collateral Requirements
• Seller Notes
• Good cause exceptions for the 10% reduction requirement
NADCO trainers and SBA officials for the September 22 webinar are:
Mary Mansfield, Bay Colony CDC, NADCO Loan Closing Trainer, Mike Vanchierie, Mountain West Small Business Finance, NADCO Packaging Trainer; Mindy Murray, RMI, NADCO Packaging Trainer; Jan Garlitz, NADCO General Counsel; Sacramento Loan Processing Personel - Richard Jones, David Miller and Dennis Stytz and Zola Finch, RMI and NADCO Trainer – Q & A Moderator.
The cost of the webinar is $190.00. However, please note that multiple participants can watch the presentation on one computer. The webinar takes place from 2:00pm - 3:00 pm EST with comprehensive Q&A time from 3:00 pm - 3:30 pm EST via chat. The deadline to register is Monday, September 20, 2010.
Please contact NADCO with any questions at 703-748-2575.
**IMPORTANT INFORMATION!! REGISTRATION IS A 2 STEP PROCESS.**
1. Upon completing your registration here on the NADCO website you will receive a confirmation email. This email contains the link to complete step 2 of the registration process.
2. Click on that link provided in the confirmation email and complete registration on the ReadyTalk website. (Please note there is NO payment tied to this second step.) Upon registering with ReadyTalk you will receive instructions on how to participate in the webinar.
3. Whomever registers for the webinar needs to be the person participating in the webinar. Though others are welcome to look over your shoulder, only one person can use the invitation given by ReadyTalk.
4. NADCO must receive your payment prior to the day of the webinar in order to participate.
5. Please contact NADCO with any questions you may have.
Should you have any questions regarding content of the webinars, please contact Merril Ferber, Director of External Affairs at (703) 748-2575 or by e-mail: merril@nadco.org.
For questions on registration, please contact Alicia Vossberg, Meetings Assistant at (703)748-2575 or by e-mail: alicia@nadco.org.
