Last reviewed November 2026
Plain-language guides and printable checklists for Texas community banks closing SBA 7(a), SBA 504, USDA Business and Industry, REAP and FSA guaranteed loans, and conventional commercial loans. Each guide points to the official SBA, USDA and Texas sources it relies on, and there is a section for borrowers getting ready for a guaranteed loan.
How Kennedy Sutherland LLP helps lenders
Kennedy Sutherland LLP has closed loans for lenders under the SBA 7(a), SBA 504, USDA Business and Industry, REAP and FSA guaranteed loan programs. The firm can help with:
- Reviewing the SBA authorization or USDA conditional commitment and turning every condition into a closing checklist
- Preparing notes, loan agreements, guaranties, deeds of trust and security documents with the language each program requires
- Coordinating title, survey, UCC, insurance and equity injection proof so the file supports the guarantee
- Third party lender documents and interim loans on SBA 504 projects
- CDC-side 504 debenture closings: the 504 loan closing documents and the debenture closing package for SBA counsel's review
- Post-closing consents, modifications, assumptions, releases and subordinations
Fixed-fee quotes are available for SBA and USDA loan closings. Call 210.259.3885.
Initial consultations for lenders are free. Call 210.259.3885 or use the contact page. For conventional loans, see our fixed-fee Loan Documentation service.
SBA 7(a) and 504
SBA 7(a) closing checklist and process
Authorization review, documents, equity proof, Form 1050, disbursement and post-closing.
Preserving the SBA guaranty
The defects that lead to repairs and denials, and the file habits that prevent them.
SBA 504: interim loan, debenture and the bank's first lien
The bank's first lien, interim loan, Third Party Lender Agreement, and CDC-side debenture closings.
7(a) vs 504 vs USDA B&I vs FSA: comparison table
Limits, guarantees, equity and closing roles side by side.
USDA Rural Development and FSA
USDA B&I and OneRD: loan note guarantee conditions and closing
Conditional commitment, lender certifications and the loan note guarantee.
REAP guaranteed loans for energy projects
Renewable energy and efficiency projects, contribution rules and performance certification.
FSA guaranteed farm ownership and operating loans
Farm ownership and operating loans: limits, guarantee levels, closing and servicing.
Conventional loans and Texas collateral
Conventional commercial loan documentation essentials
Note, loan agreement, deed of trust, UCC, guaranties, title, survey and entity diligence.
Collateral and lien perfection in Texas
Where Texas liens are perfected, homestead, farm products and rural property issues.
After closing
Post-closing and servicing actions that need SBA or USDA consent
Releases, assumptions, subordinations and other actions that need agency consent.
For borrowers
Borrower prep: what to gather and what to expect
Documents, equity injection, guaranties, insurance and timelines.
Borrower FAQ
Plain answers to the questions borrowers ask most.
Printable checklists
- SBA 7(a) Loan Closing Checklist PDF · For Texas community bank lenders
- SBA 504 Loan Closing Checklist PDF · For third party lenders and interim lenders
- USDA Guaranteed Loan Closing Checklist PDF · Business and Industry (B&I) and REAP under 7 CFR part 5001
- Commercial Real Estate Loan Closing Checklist PDF · Conventional Texas commercial loans
- Borrower Document Checklist PDF · For SBA and USDA guaranteed business loans
- Guaranteed Loan Servicing Quick Reference PDF · Actions that need SBA or USDA consent
This guide is general information for lenders and borrowers, not legal advice. Reading it does not create an attorney-client relationship. SBA, USDA and FSA rules change often, so confirm the current program requirements and the terms of your loan's authorization or commitment before relying on it. Kennedy Sutherland LLP is a private law firm. It is not affiliated with or endorsed by SBA, USDA or FSA.
Key official sources
- SBA SOP 50 10 8.1, Lender and Development Company Loan Programs (effective Oct. 1, 2026)
- SBA Information Notice 5000-882227, Technical Updates to SOP 50 10 8.1 (Sept. 25, 2026)
- 13 CFR part 120, Business Loans (eCFR)
- SBA SOP 50 57, 7(a) Loan Servicing and Liquidation (version 4, effective Nov. 1, 2025)
- 7 CFR part 5001, OneRD Guaranteed Loans (eCFR)
- USDA OneRD annual notice of fees and guarantee percentages for FY 2026, 91 FR 11272 (Mar. 9, 2026)
- 7 CFR part 762, Guaranteed Farm Loans (eCFR)
- FSA Handbook 2-FLP (Rev. 1), Amendment 71 (Oct. 1, 2026), FY 2027 loan limits
- Tex. Bus. & Com. Code ch. 9, Secured Transactions
- Tex. Prop. Code ch. 51 (secs. 51.002-51.005), foreclosure and deficiency
Sources checked November 2026. Each guide lists its own sources.