The Loan Committee™

The Life Cycle of an SBA Loan was the topic at The Loan Committee luncheon held on July 19, 2013 at the Tower Club.  The panel included Miguel Gonzalez, Assistant District Director of the SBA, Mitch Fogel, Esq. with Fogel Law Group, Jeni Chokron, VP with SunTrust Bank, Rick Von Minden, SBA Business Development Officer with TD Bank, and Alejandro Buitrago with Florida First Capital Finance Corporation.  The presentation included a discussion of governments role and addressing lender and borrower concerns, the pre-underwriting and underwriting process, 7A and 504 eligibility requirements, documentation requirements for 504 loan approval, CDC’s role, and the closing process – obstacles and pitfalls.

Bank of America Center in Downtown Miami, with the Metromover track in the foreground (Photo credit: Wikipedia)

Bauer Financial upgraded its ratings for Bank of America and SunTrust Banks, two of the largest banks in South Florida, as well as three Miami-based banks that were boosted to the highest possible rating.  Author:  Brian Bandell.  Source:  South Florida Business Journal