SBA Training

Our trusted legal team is led by nationally-recognized speaker and energetic educator, Nick Jellum. He is a frequent national speaker and instructor on various lending topics.

As a frequent SBA industry speaker, Nick presents on a variety of topics ranging from SOP interpretation and compliance guidance to closing, servicing, and liquidation matters. At conferences, he is often invited to discuss current trends, recent SBA developments, and the industry's most pressing topics.

Common presentation topics

Commercial Lending and Finance Law: The Ultimate Guide

SBA Loan Defaults, Workouts and Liquidations

SBA 7(a) SOP Changes

SBA Franchise Lending

Advantage of Engaging Lender Service Providers

Collateral Valuation Practices and Tips

SBA 7(a) Debt Refinancing

Legal Risk Factors Faced by Lenders

Best Practices When Hiring an LSP or Broker

SBA Affiliation Rules

SBA Franchise Rules

SBA Credit Elsewhere Rules

SBA Financing for Ownership Changes

SBA Equity Injection

SBA Loan Closing: Proper Documentation & Pitfalls

Developing Litigation and Liquidation Plans

SBA 7(a) Loan Underwriting and Credit Memo

UCC-1 Filing and Perfection

SBA 7(a) Loan Closing Best Practices

SBA 7(a) Large Loan Liquidation: Understanding the Liquidation and Guarantee Purchase Process

SBA Lending

Change of Ownership

Business Entity Organizations and Trusts in Minnesota

Business Entity Organizations Non-Minnesota

Authorized Signers in Minnesota

Powers of Attorney

Best Practices for Documenting Equity Injections

Current Issues Impacting Agents and LSPs

Franchise Lending

SBA Franchise Lending

UCC Lien Perfection and Lien Priorities

Franchise Agreement Review 101

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Nick C. Jellum

SHAREHOLDER & PRESIDENT

Nick has extensive experience particularly as related to U.S. Small Business Administration (SBA) and U.S. Department of Agriculture (USDA) loan regulation, documentation, servicing and liquidation.

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