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NADCO RECORDED Webinar - Navigating SBA Business Eligibility
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Navigating SBA Business Eligibility
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: CDC and Third Party Lender Business Development Officers, Loan Processors, Underwriters
WHAT: On-Demand Webinar Training
COST: NADCO Member Rate: $299 per person | Non-Member Rate: $599 per person | SBA/Federal Government Rate: $249 per person
DESCRIPTION: Are you puzzled by passive businesses like ghost kitchens, salon suites, and Airbnb properties? How about automated self-storage facilities? What’s the latest on criminal background checks? Do marijuana, hemp, and CBD related businesses have you more disoriented than ever? Can I still make a loan to a business owned by a non-US citizen? When does a prior default or prior loss prevent a new loan application?
SBA’s updated SOP 50-10-7.1 removed a significant amount of descriptive guidance for business model eligibility, which has caused confusion on these topics and more. Join us as we add clarity by sharing the latest details to help CDC personnel and Third Party Lenders determine if a business model is eligible for SBA financing. Plus, we’ll have plenty of time for Q&A and discussion of industry best practices.
FEATURED TOPICS:
- Passive Businesses
- Ghost kitchens/commissary kitchens
- Hair Salons – salon suites, chair rentals, contract employees
- Airbnb & VRBO properties
- Marijuana, hemp, and CBD-related businesses
- Religious businesses
- Prior loss / prior default
- Criminal background concerns
- Speculative businesses
- Businesses owned by non-US citizens
- Absentee owners and third-party management agreements
PRESENTERS:
Wayne Williams, EVP - Regulatory Affairs & Training, NADCO
Wayne Williams has over 35 years of experience in SBA lending, including 23 years working with one of the largest CDCs in the nation. A former NADCO Board member, Wayne has also been a NADCO National Instructor since 2014 teaching courses on SOPs, Eligibility,
Debt Refinance, and 504 Loan Packaging.
Evan Shaw, SVP – External Affairs, NADCO
Evan Shaw has dedicated his entire professional career—and over half his life—to the SBA 504 industry. His experience includes working with one of the largest CDCs in the nation, as well as with the 504 loan program’s Central Servicing Agent (CSA). Over the years, Evan has presented at numerous industry conferences, panels, and breakout sessions. He is also a regular instructor for NADCO’s in-person SOP and Packaging classes.
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