Level 1 – Closing Track
Online
Thursday, January 01, 2026
- Thursday, December 31, 2026
iCalendar
Central Standard Time
On Demand Course — Now Available!
Understand what it means to close an SBA 7(a) loan by navigating the key requirements, forms, and due diligence needed to successfully complete the closing process. This track provides practical insights into loan and borrower fundamentals, loan terms, post-approval and closing forms, closing due diligence, and post-closing follow up.
Fee (per person):
- Members: $495
- Non-Members: $695
Overview
The Level 1 Closing track builds essential knowledge for closing 7(a) loans by covering the foundational requirements, documentation, and processes needed to take a loan from approval through closing and beyond.
Across five courses, learners gain a practical understanding of closing fundamentals such as loan, borrower, and guarantor requirements, determine maximum loan maturity, document uses of proceeds, recognize closing documents, UCC filings, and disbursing loan proceeds. The track is fully on demand, allowing learners to move at their own pace, with 30 days to complete all coursework.
Course 1 – Loan, Borrower, and Guarantor Fundamentals
Course 2 – Understanding the Loan Terms
Course 3 – Post Approval and Closing Forms
Course 4 – Closing Due Diligence
Course 5 – Closing Review and Post Closing Follow Up
Requirements
No prerequisites are required to take this track. However, it is highly recommended that each learner complete the following courses before beginning this track:
Cornerstones: Introduction to SBA, 7(a) and NAGGL
Foundations in 7(a) Lending
Earn
• 1 of 5 Required tracks to earn the Level 1 Mastery badge
• 1 of 4 Required tracks to earn the Closing Specialist badge
• Completion of this track earns 5 CEUs (valid for 24 months from the date of completion)