Navigating the SOP 50 10

Two Day Course
Tuesday - Wednesday | August 2-3, 2022
8:30 AM - 5:00 PM


TUITION FEES

Through 6/28

After 6/28
NADCO Member Rate $649 per person $699 per person
Non-Member Rates $949 per person $999 per person
SBA | Federal Government Rate $549 per person $599 per person


RECOMMENDED FOR

All CDC Personnel
Third Party Lenders


COURSE DESCRIPTION

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.

Topics include:
  • 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


INSTRUCTOR INFORMATION

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 33 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.


INDUSTRY EXPERT INFORMATION

Evan Shaw
Evan Shaw has spent his entire professional career—and over half his life—working in the SBA 504 industry. He currently serves as a Senior Consultant at Guidehouse supporting the SBA 504 Central Servicing Agent contract. Prior to his current role, he 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 graduation. He eventually took over management of the underwriting and processing functions and served as the CDC’s Chief Credit Officer for five years before moving on to his current role at Guidehouse in early 2022.