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9/17/2024
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When:
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September 17, 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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Evan Shaw
eshaw@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 - Mastering Final Use of Proceeds Documentation
When: Tuesday, September 17, 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: September 16, 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 and TPL business development, processing, underwriting, closing, and servicing team members.
WHAT: Live Webinar Training and Q+A
WHY: Are you a CDC or Third Party Lender feeling stressed about reconciling final use of proceeds documentation for your SBA 504 loan? Our expert panel is here to help! The SBA requires CDCs to certify and provide evidence that project costs and
proceeds align with the Terms and Conditions. Join us as our experts share relevant regulations, best practices, and detailed live case walkthroughs to help you determine how to reconcile costs and what documentation is sufficient to evidence the borrower’s
contribution. You’ll also hear tips for collaboration and communication between the CDC and TPL to ensure this important step helps you efficiently move toward a successful closing.
NEW RESOURCE - FINAL USE OF PROCEEDS RECONCILIATION SPREADSHEET: The webinar will also feature the Final Use of Proceeds Reconciliation Spreadsheet, a new NADCO tool that you can immediately put to work in your next 504 project.
FEATURED TOPICS:
- Review of relevant regulations
- SBA core requirements for documenting final project costs and borrower contribution
- Debt refinance considerations and documentation requirements
- Best practices for proactive collaboration between CDCs and Third Party Lenders
- Tips for dealing with common challenges that can delay closing
- Live case walkthroughs for how to reconcile and document final project costs
- Tutorial on how to utilize the new Final Use of Proceeds Reconciliation Spreadsheet
PRESENTERS:
Darcie Brown, Processing & Closing Manager, Florida First Capital Finance Corporation
Darcie’s primary responsibilities include oversight of the 504 Loan Processing and Closing Teams, including the construction dept. She and her teams
work directly with borrowers, lenders and closing counsel to ensure a smooth lending process from start to finish. In addition to her work on the SBA 504 loan program Darcie oversees administration of the Rebuild Florida program which is a partnership
between the U.S. Economic Development Administration (EDA) and the Florida Department of Economic Development (DEO) to provide working capital to new and existing Florida small businesses. Darcie has been with the company since 2012 and received a B.S.
in Business Administration from the University of Central Florida.
Stefanie Kantout, SVP - Closing & Servicing Director, Regional Business Assistance Corporation (RBAC)
RBAC is a CDC headquartered in Princeton, NJ with lending territories in New Jersey, New York Metro, and Eastern Pennsylvania. Stefanie
has 18 years of experience in SBA lending, including 13 years working for a nationwide Lender Service Provider. Stefanie is responsible for overseeing the daily operations of the Closing and Servicing/Special Assets Departments where she manages a team
of seven.
Evan Shaw, SVP – External Affairs, NADCO
Evan Shaw has over 20 years of experience in SBA lending, including working with one of the largest CDCs in the nation in addition to working for the CSA. Evan has also been a NADCO National Instructor
since 2019 teaching courses on SOPs, Eligibility, and 504 Loan Packaging.
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