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6/6/2024
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When:
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June 6, 2024
2:00 - 3:30 pm
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Where:
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LIVE Webinar
United States
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Contact:
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Mandy Robertson
mrobertson@nadco.org
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Online registration is closed.
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« Go to Upcoming Event List
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NADCO LIVE Webinar - SBA 504 Eligible Project Costs
When: Thursday, June 6, 2024 | 2:00 - 3:30 pm ET
Price Per Viewing Screen/Person: $299 for NADCO Members | $599 for Non-Members | $249 for SBA-Federal Government
Registration Closes: June 5, 2024 at EOD ET - A recording will be made available for purchase after the conclusion of the live event.
Login: Login credentials and instructions will be emailed to you on the day of the webinar no later than 2 hours prior to the start of the webinar.
Who: Valuable information for CDC business development, processing, underwriting, closing, and servicing team members.
What: Live Webinar Training and Q+A
Why: Effectively reviewing possible project costs and determining which are eligible for the 504 loan program is a critical skill for all CDC staff dealing with borrowers and lending partners. SBA 504 Loan Program Requirements dictate that all
504 project costs must be directly attributable to or necessary for the 504 Project. Why is interest carry on “bridge financing” not an eligible 504 project cost while interest carry on “interim financing” is eligible? What eligible business expenses
(EBE) are acceptable in 504 debt refinance without expansion? Join our panel of experts as they share relevant regulations and SOP guidance along with best practices for determining what is and isn’t eligible and how this impacts 504 project sources and
uses, including correctly verifying borrower contribution.
KEY TOPICS:
- Review of relevant regulations
- SBA core requirements for eligible project costs
- SBA 504-specific guidance on eligible project costs
- Eligible project costs for 504 debt refinance programs
- Points, fees, and interest on Interim Financing – what is interim financing
- Professional fees
- Contingencies
- Interest expense
- Security deposits
- CDC closing costs
- Credits
- Ineligible costs
Panel of Experts:
Sherwood Robbins, Managing Director, Seedcopa
Seedcopa is a private, non-profit organization created over 40 years ago to help small business get the money they need to start, grow, and expand their businesses. In the role of Managing Director,
Sherwood works with a staff of 8 professionals; interacts with banking partners throughout Pennsylvania and Delaware; manages the partner relationships with numerous State-Wide Economic Development Agencies; and is responsible for the enhancement of Seedcopa’s
process and menu of financing services. Prior to joining Seedcopa, Sherwood spent over 15 years in the banking industry, acquiring experience and developing skills in Commercial Banking, Retail and Investment departments. He currently serves on the Board
of the National Association of Development Companies (NADCO) as the Region 3 Director and chairperson of the currently chairs the Central Servicing Agent (CSA) Committee.
Todd Kobernick, Attorney, Law Offices of Todd Kobernick
Todd Kobernick has been practicing law in the state of California for 40 years, focusing on matters related to business, real estate, construction, nonprofit entity, lender and United
States Small Business Administration legal matters. Mr. Kobernick attended the University of San Diego, graduating in 1984. He is admitted to the State Bar of California, United States District Court for the Southern and Central Districts of California,
the United States Tax Court. Mr. Kobernick is certified by the U.S. Small Business Administration as a "designated counsel" authorized to provide specified legal services for SBA certified development companies.
Wayne Williams, EVP - Regulatory Affairs & Training, NADCO
Wayne Williams has over 35 years of experience in SBA lending, including 23 years working with one of the largest CDCs in the nation. A former NADCO Board member, Wayne has also
been a NADCO National Instructor since 2014 teaching courses on SOPs, Eligibility, Debt Refinance, and 504 Loan Packaging.
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