SBA 504 Portfolio Management (Loan Servicing)
Basic Course

SBA's 504 program regulations state, "The CDC must service the 504 loan in accordance with the Loan Authorization, these regulations, SBA policies and procedures, and prudent lending standards until paid in full." This one and one-half day course provides a comprehensive overview of all of a CDC's servicing and portfolio management responsibilities, including monitoring the borrower's financial condition and maintaining tax filings, insurance, and security and collateral filings.

Further topics include:

• Six keys to effective portfolio administration
• Fundamental servicing responsibilities
• Loan grading/classification
• Reporting requirements
• Routine servicing actions (including collateral release, assumptions)
• Review of SBA Servicing Center manuals
• Introduction to intensive servicing actions, delinquent and problem loans, collections and workouts (studies in-depth in SBA 504 Portfolio Management (Loan Servicing) - Advanced)

PREREQUISITE: Participants must have completed Introduction to SBA 504 or must have at least six month's substantive experience with 504 lending.

For information on when this course will be presented, if scheduled, click here to view the NADCO calendar of events.

For any additional information, please contact NADCO at (703) 748-2575.