Join Ryan Smith, Principal and Founder of ThinkSBA and Attorney Scott Oliver with Lewis & Kappes as they delve into the intricacies of the SBA loan legal closing process, recent SOP changes, and the crucial role lender legal counsel plays in ensuring lender compliance.

Gain valuable insights into Landlord Lien Waiver and Collateral Access Agreement, attorney negotiations, and the overall loan closing process.

Whether you’re a seasoned lender or a prospective SBA loan applicant, this podcast offers essential knowledge for successfully navigating the SBA loan application process from start to funding.

Stay tuned for actionable tips and expert advice from Scott throughout this entire episode.

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Chapters:

00:00 – Introduction
00:55 – Scott’s Bio
03:42 – Closing Process Overview
07:12 – Landlord Waivers and Negotiations
08:56 – Good vs. Bad Buy-Side Attorneys
11:23 – Uncommon Requests and Scenarios
14:15 – Flexibility of SBA Loan Documents
17:15 – Recent Changes to SOP Manual
20:37 – Process After Commitment Letter
26:10 – Partial Change of Ownership
36:22 – Forgivable Seller Note & Expansion Loans