SBA Lending: Documenting, Closing and Servicing 7(a) and CDC/504 Loans

Navigating SBA Approval and Authorization Process, Preserving the Loan Guaranty and Security Interest

Recording of a 90-minute CLE webinar with Q&A

Conducted on Thursday, January 19, 2017
Recorded event now available

This CLE webinar will provide banking and finance counsel with the knowledge to properly document and close SBA loans. The program will cover the terms and conditions of the Section 7(a) loan and the CDC/504 acquisition/equipment financing mortgage loans. The program will discuss recent changes and developments that impact loan closings.


While banks, credit unions and fintechs are tripping over themselves to extend credit availability for businesses, the SBA has recognized the advances that technology has provided to the industry. The SBA has streamlined and simplified its loan programs to create more access and opportunity for both lenders and borrowers. In an effort to incentivize banks to do more smaller loans, banks do not have to conduct an analysis of cash flow or debt-service coverage on loans of $350,000 or less. There are other pending rule changes designed to expand accessibility of loan programs, and streamline the loan application process.

Additionally, the SBA has succeeded in increasing the number of loans made, as well as the number of banks participating in its loan programs. While the loan guaranties by SBA are attractive to banks, the SBA loan process remains complicated and full of pitfalls for lenders.

Listen as our authoritative panel of banking and finance attorneys discusses the SBA financing program and best practices for lenders to document, close and service SBA loans. The panel will guide you through the SBA authorization and approval process and discuss recent changes and developments that impact loan closings.


  1. SBA loan programs
    1. 7(a) loans
    2. CDC/504 loans
    3. Small Business Investment Company (SBIC)
    4. Microloan program
  2. Approval and authorization process
  3. Closing process
  4. Servicing the loan
  5. Loan defaults


The panel will review these and other key issues:

  • What are best practices for lenders to navigate the SBA loan authorization and approval process?
  • What pitfalls do lenders face in documenting a 7(a) loan to preserve the federal guaranty?
  • What are best practices for post-closing loan servicing?
  • What recent changes has SBA made to streamline the loan approval process and what changes can we expect to see in the near future?


Robert F. Polito, Jr., SVP/Director of Government Guaranteed Lending (SBA)
Webster Bank, Southington, Conn.

Mr. Polito has 30 years of banking and 28 years of successful commercial lending experience. He leads all aspects of corporate lending/banking activities for Webster Bank, NA in the support of U.S. Small Business Administration (SBA) lending programs. He has been quoted in The New Haven Register, The Hartford Courant, The Hartford Business Journal, CNN-Money and The Wall Street Journal. He has appeared on numerous occasions on Fox-TV affiliates.

Jane Elaine Ballerini
Neubert Pepe & Monteith, New Haven, Conn.

Ms. Ballerini practices in the areas of commercial real estate law, commercial finance and general commercial and business law. She represents local and national banks in the extension of asset-based, mortgage and construction loans to commercial borrowers. She is one of four practicing U. S. Small Business Administration (SBA) Designated Attorneys in Connecticut. She has developed a sub-specialty in representing traditional lenders and Certified Development Companies in transactions involving government guaranteed loans including loans made under the SBA’s CDC/504 and 7(a) loan programs.


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Banking & Finance Law Advisory Board

Irving C. Apar


Thompson Hine

Mark N. Berman

Adjunct Professor

Northeastern University

Willa Cohen Bruckner


Alston & Bird

Lawrence Kaplan

Of Counsel

Paul Hastings

Kevin Petrasic


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Laura D. Richman


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Robert M. Stern


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