| September 12, 2024 |
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7:30 am
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Registration and Booths Open
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8:30 - 9:45 am
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Welcome: SBA, MBA, BankIn & Emcee
Keynote: SBA Updates & Hot Topics (All the Hot Goss...) Nick Jellum, Jellum Law
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10:00 am
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Session One
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An SBA Murder Mystery: Who Killed the Guaranty? - Ed Ledford, SBA
Protecting your guaranty is more of a “who didn’t do it” versus a “who done it”…watch a lively presentation of avoidable pitfalls and actions that can be taken during a loan’s lifecycle to ensure that you aren’t found guilty by your purchase center peers.
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Gap Financing & SBA Lending: Hot to Help More Borrowers - Amplio and Panel
SBA loans are strong tools to help borrowers achieve their business goals. Some borrowers, however, need more to make their projects work. Gap financing can be a powerful tool to help borrowers come up with their equity requirement, while preserving cash for growth. Our panel of nonprofit lenders will describe the gap financing tools they offer and provide examples of how gap loans can pair with SBA loans to set up borrowers for success.
3 key takeaways the audience will gain from the presentation or presentations:
- What is a gap loan and how does it work?
- What kinds of gap loans are available in Minnesota and who offers them?
- What does a gap loan and SBA loan structure look like?
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Protecting and Reserving Third Party Guarantees and Security Interests - Jennifer Lurken, Gislason & Hunter
In the realm of SBA financing, the protection of third-party guarantees and security interests are crucial for safeguarding the interests of all parties involved. By adhering to certain principles and best practices, financial institutions can effectively protect and preserve third-party guarantees and security interests, thereby enhancing stability and minimizing risk of small business lending. This discussion delves into the principles and practices that are essential for maintaining the integrity and enforceability of third-party guarantees.
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Servicing Best Practices - John Gossett, SBA
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11:20am - 1:15 pm
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Lunch |
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Minnesota Small Business Speaker - Bob Kinsella, Trellis Hospitality
MN SBA Lender Awards
Economic Update - Tim Melrose, Minneapolis Federal Reserve Bank |
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1:30 - 2:45 pm
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Session Two
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7(a) GP Processing – Your Guide to Quick Approval While Navigating the Risk Mitigation Framework - Bill Reed, SBA
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ETran Tips and Tricks - John Gossett, SBA
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Real Estate Evaluations for Community Lenders, Gaining Competitive Advantage in Closing Costs and Speed - Ryan Rehman, Homestat - A Product of Superior Informatics LLC
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504 Breakout Session - Nadene Kruize & Panel
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3:00 - 4:15 pm
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Session Three
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7 (a) Guaranty Loan Purchases/Related Hot Topics - Nick Jellum, JellumLaw
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504 Refi - Nadene Kruize & Panel
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Business Valuation - Income Statement Analysis - Robert Vafiadou, Reliant Value
In 60 minutes, you'll follow an Appraiser's analysis of the income statement, starting from engagement all the way through report submission. During the presentation you will learn how to:
- Ensure you have the correct financials
- Analyze and question historical income statements
- Identify common addbacks
- Determine the reasonableness of projections
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Environmental - Sean Leary, Assistant Principal/VP – Transaction Risk Management, GZA GeoEnvironmental
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4:15 pm
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Adjourn
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