Writing the SBA Credit Memo
Online
Thursday, August 07, 2025
- Friday, August 08, 2025
iCalendar
Central Standard Time
LIVE Daily Presentation:
August 7 - 11:00 am-4:30 pm Eastern | 10:00 am-3:30 pm Central | 9:00 am-2:30 pm Mountain | 8:00 am-1:30 pm Pacific
August 8 - 11:00 am-1:00 pm Eastern | 10:00 am-Noon Central | 9:00-11:00 am Mountain | 8:00-10:00 am Pacific
*Students will take a break from Noon-1:30 pm (central) on August 7.
Registration Deadline: August 5 (or until sold out)
Fee (per person*):
$595 Mbr, $1,075 Non-Mbr
Government Rate: Contact NAGGL >
* Your registration fee covers one connection, for one individual
This class focuses on SBA’s 7(a) credit memo requirements and the best practices for meeting them in order to fully document both a loan’s eligibility and its creditworthiness. While every institution has its own credit memo format, this course examines all of the key topics that lenders must address in their credit memos in order to assure full compliance with SBA’s program requirements.
On the Agenda
• Writing the Credit Memo
• Loan Size, Guaranty Authority and Size Standard
• Loan Maturity and Interest Rates
• Credit Elsewhere
• Special Structures (e.g., EPC/OC, ESOP, ROBS, etc.)
• Eligibility of Business and Principals
• Business History and Evaluating Management
• Eligible Uses of Loan Proceeds
• Agents and Fees
• Credit Standards and Underwriting Analysis for Standard 7(a) Loans vs. 7(a) Small Loans and SBA Express
• IRS Tax Return Verification
• Affiliates and Guarantors
• Collateral Requirements
• Appraisals, Business Valuations and Environmental Reports
• Working Capital Adequacy
• Pro Forma Balance Sheet
• Other Items in SOP 50 10
• Conditions of Approval
• SBA Form 1919
• E-Tran Terms and Conditions
• Amendments to Credit Memo after Loan Approval
• Avoiding Common Errors
_____
Other Information
• After the registration deadline, the fee per person increases by $150.
• Attendees will receive access to a secure portal prior to the course start date that includes course login information and the digital materials to download.
• Course will feature exercises, group discussions and course interactions -- just like you’d experience at the in-person training.
• Attendance will be taken each day and you will receive credit for attending.