504 Loan Closing
Two Day Course
Thursday – Friday | November 16-17, 2023
9:00 AM - 5:00 PM
IMPORTANT: The training courses have a completely separate registration process from NOW’23 as well as separate fees. Please select 504 Loan Closing from the Register dropdown on the menu bar above to access our learning system. You will need to be logged into NADCO to purchase the course.
TUITION FEES
| Through 9/12 | After 9/12 | ||
| NADCO Member Rate | $699 per person | $799 per person | |
| Non-Member Rates | $999 per person | $1,099 per person | |
| SBA | Federal Government Rate | $599 per person | $699 per person |
RECOMMENDED FOR
CDC Loan Closers (especially if newer to role)CDC Attorneys
Attorneys applying for SBA Designated Status
COURSE DESCRIPTION
This two day in person is approved by the US Small Business Administration and provides invaluable training for anyone involved in closing SBA 504 loans, including CDC staff and legal professionals. The course fulfills SBA’s requirement for attorneys attending an SBA-Approved Closing Course to become a “Designated Attorney”.Featuring:
- Overview of Certified Development Companies
- Overview of SBA 504 Loan Program – eligibility, application, processing, and underwriting
- Ethical Responsibilities and Governance Requirements
- Designated Attorney Roles and Requirements for SBA 504 Closing Process
- Applicable Laws, Regulations, SBA Standard Operating Procedures (SOPs), and Other Resources
- SBA 504 Authorization
- Borrower, Operating Company, and Guarantor Entities
- Eligible Passive Company (EPC) Rule
- Eligible Project Costs
- Real Property and Other Collateral Considerations
- Construction Requirements
- Insurance Requirements
- Environmental Requirements
- SBA 504 Debt Refinancing Programs
- Special Considerations – Historic Properties, Franchises, Management Agreements, & More
- Specific 504 Loan Closing Issues Related to the COVID-19 Pandemic
- SBA 504 Loan Closing Attorney Opinion Letter
- Submitting a Complete Closing Package to SBA Local Counsel
- Overview of SBA 504 Funding Process
- Overview of SBA 504 Loan Servicing Responsibilities
- Overview of SBA Community Advantage Loan Program and Closing Process
- Case Studies
PREREQUISITES
“Introduction to SBA 504” (online via NADCO University) OR six-months’ experience in a substantive capacity (e.g., loan officer) for a CDC.HOW TO REGISTER
Very Important:
- You MUST be logged into the NADCO website as the person signing up for the training when purchasing any courses.
- If you are registering multiple people from your office, you MUST log in separately as each person and log out in between.
Step 2: Select Training Catalog once you are in our learning system, you want to select the Training Catalog tab on the menu bar.
Step 3: Go to Training Categories on the left hand side of the Training Catalog page.
Step 4: Select 2022 Fall In-Person Training which is the first category listed. You will now see a list of all of the 2022 Fall In-Person Training courses being offered.
Step 5: Click on Buy Now next to the course you would like to purchase.
INSTRUCTOR INFORMATION
Todd KobernickMr. Kobernick commenced practicing law in the State of California in 1984 focusing on understanding and resolving the issues of his clients. Mr. Kobernick represents individuals, small and medium sized business entities, including nonprofit corporations along with lenders and economic development companies. Mr. Kobernick focuses his practice in economic development and lender related activity, representing the largest U.S. Small Business Administration certified development company in the nation.
Mr. Kobernick has been and remains involved with the National Association of Development Companies, teaches multiple courses for NADCO and is a member of the NADCO Closing, Servicing and Attorney Advisory committees. Mr. Kobernick has assisted the SBA in reviewing certain SBA 504 Loan Closing policies and communicates frequently with the Office of General Counsel on a broad variety of matters.
Mr. Kobernick is involved with his community by serving on several Boards of Directors of nonprofit organizations. Most recently, Mr. Kobernick founded a camp for youth and families, which operates during the entire year.
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.
Christina Gabriel Kanelos
Ms. Kanelos joined the Law Offices of Todd E. Kobernick in October 2003. She graduated from Northwestern University School of Law in 1996 and is admitted to practice law in both the states of California and Illinois. Prior to joining the firm in 2003, Ms. Kanelos was a Clinical Assistant Professor at Northwestern University School of Law. Prior to that, she was an associate attorney at McDermott, Will & Emery in Chicago. Ms. Kanelos is certified by the U.S. Small Business Administration as a "designated counsel" authorized to provide specified legal services for SBA certified development companies. In such capacity, Ms. Kanelos has helped to close over two thousand loans.
Ms. Kanelos focuses her practice on the representation of individuals and small to medium size business entities, including nonprofit entities, economic development entities and lenders. Her sound approach to the law and professional manner serve as the foundation for Ms. Kanelos’ relationship with her clients.
Ms. Kanelos is actively involved in community service activities, which have included advocacy for the rights of abused children and women and fundraising efforts for various charities.
