Level 1 - Liquidation Track

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Online  

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Thursday, January 01, 2026 - Thursday, December 31, 2026   iCalendar Central Standard Time

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On Demand Course — Now Available!

Understand what happens when a loan goes into liquidation, and how to manage every step correctly. This track provides practical insight into collateral, recoveries, guaranty purchase, and charge-off decisions.

Fee (per person):

• Members:   $495
• Non-Members:   $695

Overview

The Level 1 Liquidation track builds essential knowledge for managing SBA 7(a) loans in liquidation, from the initial steps through wrap-up and charge-off.

Across six courses, learners gain a practical understanding of liquidation requirements, collateral handling, expense recovery, guaranty purchase, and SBA decision-making processes. The track is fully on demand, allowing learners to move at their own pace, with 30 days to complete all coursework.

Course 1 – Liquidation Basics
Course 2 – Collateral Liquidation
Course 3 – Expenses and Recoveries
Course 4 – Loan Guaranty Purchase
Course 5 – SBA Guaranty Purchase Decision Process
Course 6 – Wrap-Ups and Charge-Offs

Requirements

There are no prerequisites 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 Liquidation Specialist badge
• Completion of this track earns 5 CEUs (valid for 24 months from the date of completion)