Liquidating a SBA 504 loan is no different than liquidating a conventional commercial real estate property.

Right?

Not so fast.

504 first lien loans are affected by the Right of Redemption.

The Right of Redemption is a legal principle that allows SBA to redeem the loan for a year.

And, the Right of Redemption supersedes any state laws.

Thus, not giving the lender clear title.

The Right of Redemption creates uncertainty about an asset, further decreasing its value.

The solution?

Get SBA to release its interest, (for a settlement fee of course)

How do you do that?

This Coleman webinar will go through all the steps in the SBA 504 liquidation process:

Clearly Defines Right of Redemption.
What steps are covered by the SBA unilateral matrix
The specific outline you must follow in liquidating an SBA 504 loan
Discusses the process of how to get to the SBA decision maker
What you can expect SBA to want out of the transaction
What costs will you incur
What to do if you and SBA do not agree on an amount
The landscape of recent transactions

Who should attend?

SBA department managers
SBA loan underwriters
Lender Workout specialists
Special assets personnel
Liquidation attorneys
Chief Credit Officers

Join the Experts

Our panelists are national experts who have earned that distinction the hard way -- through their personal experiences of liquidating SBA 504 loans.

Tom Wallace
President
IDS Corp
Ft. Myers, FL
Tom Wallace is the president of IDS Corp. He is published in the RMA Journal and The Banking Law Journal on various SBA related topics. He is an instructor and director of NAGGL Company's trade association and an active participant of NADCO. Wallace earned a MBA from the Crummer Graduate School of Business at Rollins College. He also holds a BA from the State University of New York (Political Science/Chinese Studies; Magna Cum Laude, Regents Scholar).

Ethan Smith
Partner
Starfield & Smith, P.C.
As a closing attorney for commercial lenders, Ethan prepares and reviews loan files for conventional, SBA 7(a) and 504, and USDA B&I loans, confers with loan processors and in-house counsel, and drafts, analyzes and negotiates loan documents. He has closed hundreds of government guaranteed commercial loans through the SBA 7(a) and 504 loan programs, through the USDA B&I program, and has closed numerous conventional commercial financing transactions, including asset-based, real estate, and factoring arrangements.

Vicki Beaudry
Senior Executive Vice President
First Coast Community Bank
Fernandina Beach, FL
Vicki Beaudry is the Senior Executive Vice President of First Coast Community Bank. Beaudry is also the head of the SBA Division of Synovus Bank, the parent company of First Coast. She has worked for the bank since 1992.

Moderator
Bob Coleman
Editor
Coleman Publishing
La Canada, CA
Bob Coleman is the Editor of the Coleman Report, a trade newsletter for small business bankers. He is the nationally recognized expert on small business banking. He has appeared on Fox Business News and CNN and has been quoted by most major financial media outlets including the Wall Street Journal, New York Times and Bloomberg. He has spoken at numerous small business banking events across the United States, including international engagements. Coleman has a B.A. in Medieval History from the University of Southern California and a M.B.A. in Real Estate Finance from the University of Southern California.

Why a Webinar?

It's very cost effective. No airfare, no hotels. Just cram as many people as you wish into your conference room and turn on the computer. You have two options to listen to the program--phone, or through your computer speakers. You are only charged for the connection. There is no additional charge for multiple attendees.

Our webinars are based on a radio-talk show program format. Your host, Bob Coleman, will moderate the program. He will ask questions of top-notch national experts. Their answers will be the substance of the program. A great benefit of the program is you will have the ability to ask questions directly of the panelists. Or, you may simply email Coleman during the program and he will direct your question to the panel.

How it Works

We use Go-to-Meeting as our platform. You will receive a link that will direct you to an Internet site to view the presentation. Nothing will be downloaded to your computer.

If you would like to test this process to make sure you will be able to access the link through your system's firewall, just send an email to joseph@colemanpublishing.com, and he will walk you through it.

You may choose to listen to the program separately from the webinar presentation. Before the event, we will email you the presentation that you may distribute to your attendees.

You also have the option of adding more lines for only $49 each. Or, get everyone in your bank involved for only $289. All we need is an email address for each station.

Aren't available on the day of the conference? No worries -- register and you will receive a DVD with a recording of the entire conference! You can use the DVD for training of additional staff at a later date, or go back and listen again. We will also transcribe the event and send it to you and no additional charge. If you want a DVD/transcript in addition to participating in the webinar, it is only $30.

Five easy ways to order:

1) Call 800-617-1380
2) Email Bob Coleman at bob@colemanreport.com
3) Fax an order form to 818-790-7859
4) Mail an order form to: Coleman Publishing, P.O. Box 546, La Cañada, CA 91012
5) Order online

Coleman Webinar

Webinar Access $189.00 Additional Attendee $49.00 Unlimited Access $289.00 DVD/transcript without participation $189.00 DVD/transcript with participation $30.00

Questions, Comments, or Suggestions?
Please email them to bob@colemanreport.com

Contact Information
Bob Coleman
P.O. Box 546
La Cañada, CA 91012
818-790-4591
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