This course provides a foundational overview of the closing and funding phase of an SBA 7(a) loan, including how SBA approval is obtained, what happens after approval, and when a loan transitions into regular servicing. You’ll also learn how to identify borrowers, co-borrowers, and guarantors, structure loans involving changes of ownership, EPC/OC, and how lender preference can affect eligibility.

By the end of this course, learners will be able to:

• Explain E-Tran and the purpose of the Terms and Conditions document
• Describe when and how a loan transitions from approved status to regular servicing status
• Distinguish between borrowers, co-borrowers, and guarantors
• Explain how ownership changes and EPC/OC leasing arrangements affect loan structure

This course provides a foundational overview of the core components of SBA's 7(a) loan terms, including eligible uses of proceeds, allowable loan maturities, and how to structure loans with blended terms or interest-only periods. You will learn how loan purpose impacts repayment terms and how to properly document and enter this information in SBA's electronic transmission (E-Tran) system.

By the end of this course, learners will be able to:

• Identify eligible and ineligible uses of 7(a) loan proceeds
• Determine the appropriate maximum loan maturity based on use of proceeds
• Explain how to calculate and apply a blended maturity
• Accurately categorize and document use of proceeds for SBA Form 1919 and E-Tran

This course provides a foundational overview of the most common post-approval modifications that can occur before final disbursement as well as explaining the documentation and forms required to close a 7(a) loan. You will learn what a lender must prepare, including collateral documentation, and considerations when requesting SBA's loan approval.

By the end of this course, learners will be able to:

• Determine when SBA approval is required and when lender authority applies
• Use the Servicing Matrix to guide action steps for different modification types
• Recognize closing documents and determine which must be originals in the lender's file, and which may be copies
• Explain the difference between wet and electronic signatures and when each is acceptable

This course provides a foundational overview for how lending professionals conduct reviews and searches that help safeguard the loan before closing and disbursement. You will learn about documentation requirements for business and real estate purchases, expectations around insurance, and the series of due diligence searches needed to verify borrower, seller, and collateral integrity.

By the end of this course, learners will be able to:

• Identify required documentation for real estate and business purchase transactions
• Recognize appropriate timing and procedures for verifying insurance and use of proceeds
• Understand how to evaluate a seller’s financial background through due diligence searches
• Interpret UCC, tax lien, judgment, litigation, and bankruptcy search results

This course provides a foundational overview of SBA loan closing and funding methods, and the importance of documenting equity injection and disbursements. You will also learn how to organize the final loan file, complete post-closing tasks, and track ongoing compliance items.

By the end of this course, learners will be able to:

• Explain how to verify, document, and use a required equity injection
• Describe key requirements and documentation for disbursing loan proceeds
• Explain how to perfect liens on various types of collateral, including personal property, real estate, and titled assets
• Apply post-closing checklists to ensure all required documents are received and verified