Mastering Final Use of Proceeds Documentation
PLEASE NOTE: When purchasing online 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 Evan Shaw at eshaw@nadco.org before completing your purchase.
WHO: Valuable information for CDC and TPL business development, processing, underwriting, closing, and servicing team members.
WHAT: Live Webinar Training and Q+A
COST: NADCO Member Rate: $299 per person | Non-Member Rate: $599 per person | SBA/Federal Government Rate: $249 per person
DESCRIPTION: 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.
Print Page