SBA Loan Legal Closing Process with Attorney Scott Oliver | Ep. 10 | My SBA Loan Pro Podcast

My SBA Loan Pro Podcast

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. If you liked this content, let's connect on social media: Instagram: https://instagram.com/mysbapro Twitter: https://x.com/mysbapro LinkedIn: https://www.linkedin.com/in/ryanpatryck/ 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