Navigating the SOP 50 10

Two Day Course
Monday - Tuesday | March 0-11, 2025
9:00 AM - 5:00 PM

PLEASE NOTE: When purchasing training courses, each individual MUST log into the system with their unique login and purchase their own session in order to receive a certificate of course completion in the attendee’s name. You cannot register multiple people for training courses under one login. If you need assistance registering for online training courses, please email Mandy Robertson at mrobertson@nadco.org before completing your purchase.

TUITION FEES

	Through 1/22	After 1/22
NADCO Member Rate	$799 per person	$949 per person
Non-Member Rates	$1,199 per person	$1,349 per person
SBA \| Federal Government Rate	$749 per person	$899 per person

RECOMMENDED FOR

All CDC Personnel
Third Party Lenders

COURSE SUMMARY

The two-day SOP 50 10 course is an excellent resource for all 504 industry employees who interact with the SOP on a regular basis. The session provides a thorough review of the policies and procedures required to successfully leverage the SOP in originating, underwriting, and securing approval for SBA 504 loans. This training is recommended for all employees – from the CEO level to front-line employees – who would benefit professionally from a deeper understanding of the program’s changes and intricacies. The information from the training will serve as an excellent resource for successfully delivering an approval to clients. It includes extensive use of best practices that CDCs in the industry successfully utilize along with case studies to reinforce application of concepts.

FEATURED TOPICS:

SOP 50 10 - Section by Section Overview
504 Loan Program Background / Authorities
CDC Operational Requirements
Credit Standards
Business Eligibility Guidelines
Affiliation Requirements
Franchise Requirements
Project Eligibility Guidelines
Loan Structuring – Eligible Sources and Uses of Funds
Successful Use of Economic Development Objectives
Eligible Project Costs
504 Expansion Debt Refinance Program
504 Debt Refinancing Program
Change of Ownership Projects
National Register of Historic Places
Collateral, Appraisal, and Environmental Policies
Application Processing & Loan Closing
Debenture Pricing & Funding Process

PREREQUISITES

"Introduction to SBA 504” (online via NADCO University) OR six-months’ experience in a substantive capacity (e.g., loan officer) for a CDC.

OTHER RECOMMENDED COURSES FOR PARTICIPANTS

504 Loan Packaging
CSA Servicing and Modernization Updates Luncheon
504 Eligible Project Costs (On-Demand Webinar)

INSTRUCTOR INFORMATION

Briana Rickertsen
Briana Rickertsen started her career at B:Side Capital (formerly Colorado Lending Source) in 2012 and currently serves as the Production Manager for the Small Business Administration (SBA) lending team. She is truly an expert in her field and has personally handled over 560 SBA loan approvals, helping to create over 2,000 jobs. (This includes SBA 504, SBA 7(a), and Paycheck Protection Program loans.) B:Side Capital and B:Side Fund, two organizations under one unifying brand, are committed to fostering the economic growth of diverse small businesses; Briana goes above and beyond each and every day in support of B:Side’s mission ensuring that businesses have access to responsible capital that would otherwise be unavailable.

Evan Shaw
Evan Shaw joined the National Association of Development Companies (NADCO) in August 2024 as Senior Vice President of External Affairs. Mr. Shaw has spent his entire professional career—and over half his life—working in the SBA 504 industry. He most recently served as a Managing Consultant at Guidehouse supporting the SBA’s 504 Central Servicing Agent and 7(a) Fiscal Transfer Agent contracts. He provided industry subject matter expertise to technology modernization projects, as well as Capital Access Financial System (CAFS) training and support to lenders and CDCs. Prior to joining Guidehouse Mr. Shaw worked at Business Finance Group Inc., a CDC that serves Virginia, Maryland, the District of Columbia, and West Virginia. He was initially exposed to loan files at the CDC in 2002 through an internship while attending George Mason University and was subsequently hired as a Credit Analyst after graduating with a B.S. in Marketing. He eventually took over management of the underwriting and processing teams for five years serving as the CDC’s Chief Credit Officer before joining Guidehouse in early 2022. Over the years, Mr. Shaw has presented at numerous industry conference panels and breakout sessions; he is also a regular instructor of NADCO’s In Person SOP and Packaging classes.

Wayne Williams
Wayne Williams joined the National Association of Development Companies (NADCO) in April 2020 as Executive Vice President of Regulatory Affairs and Training. Mr. Williams has over 35 years of experience in commercial banking and small business lending, including extensive expertise in SBA finance programs. Prior to joining NADCO, Mr. Williams served since 1997 as Senior Vice President and Senior Lending Officer for Business Finance Group, the #1 SBA 504 Certified Development Company in the Mid-Atlantic and a top 20 CDC nationally. Elected to the NADCO Board of Directors in 2015, Mr. Williams became a member of the Executive Committee in 2017 serving as Vice Chair of Regulatory Affairs. He most recently was Vice Chair of Governance. Mr. Williams is a national instructor for NADCO and a former instructor for the Risk Management Association and the American Institute of Banking. Earlier in his career, Mr. Williams served 10 years as a commercial loan officer for regional and national banks in Florida, North Carolina, and the Washington, DC metropolitan area. Wayne has a bachelor’s degree in Economics from the University of North Carolina at Chapel Hill and graduate certificates from the Advanced Management Program of the North Carolina School of Banking and East Carolina University’s RMA Commercial Lending School. SBA’s Washington Metropolitan Area District Office recognized Wayne in 2009 as Financial Services Champion of the Year.