Join Ryan Smith, Principal and Founder of ThinkSBA and Attorney Scott Oliver with Lewis & Kappes as they delve into the intricacies of the SBA loan legal closing process, recent SOP changes, and the crucial role lender legal counsel plays in ensuring lender compliance.
Gain valuable insights into Landlord Lien Waiver and Collateral Access Agreement, attorney negotiations, and the overall loan closing process.
Whether you’re a seasoned lender or a prospective SBA loan applicant, this podcast offers essential knowledge for successfully navigating the SBA loan application process from start to funding.
Stay tuned for actionable tips and expert advice from Scott throughout this entire episode.
If you liked this content, let’s connect on social media:
Instagram: https://instagram.com/mysbapro
Twitter: https://twitter.com/mysbapro
LinkedIn: https://linkedin.com/in/ryanpatryck
Chapters:
00:00 – Introduction
00:55 – Scott’s Bio
03:42 – Closing Process Overview
07:12 – Landlord Waivers and Negotiations
08:56 – Good vs. Bad Buy-Side Attorneys
11:23 – Uncommon Requests and Scenarios
14:15 – Flexibility of SBA Loan Documents
17:15 – Recent Changes to SOP Manual
20:37 – Process After Commitment Letter
26:10 – Partial Change of Ownership
36:22 – Forgivable Seller Note & Expansion Loans
More ThinkSBA Resources
https://calendly.com/thinksba – Schedule Call
https://g.page/thinksba – Google Business Page & Reviews
https://thinksba.com/faq – Frequently Asked Questions
https://mysbaloanpro.com – My SBA Loan Pro Podcast
http://youtube.com/@thinksba – YouTube Channel
SBA Loans for Eco-Friendly Projects