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This is an online event.
Closing Issues That Can Cost You Your Guaranty
Three of the most common errors leading SBA to recommend a cancellation, denial, or repair of its guaranty during the purchase process occur during the time of closing.
These errors include:
• Unauthorized, improper, uncontrolled, or undocumented disbursement of loan proceeds
• Failure to obtain or adequately document a required equity injection
• Failure to obtain required collateral or property perfect lien position
During this webinar Ethan W. Smith, partner and co-founder of Starfield & Smith, P.C., will discuss how to establish an effective and efficient loan closing process and put checklist in order to protect a SBA loan guaranty.