Training Guide

Loan Closings


Training Guide

Loan Closings

Commercial Lending
Remote or in person

What’s Covered

  • Conditions precedent & closing checklists
  • Selecting a closing date
  • Colleting & compiling signatures
  • Information in borrowing notices 
  • Closing confirmations

Before the Session

Prepare the Attendees

Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.

Prepare Yourself

Watch the videos and read the exercise so you’re familiar with the Hotshot material.

  • still frame from Introduction to Loan Closings


    Loan Closings

    A review of the typical process for closing a lending transaction, from picking a closing date, to conditions precedent and conditions subsequent, closing checklists, preparing for closing, and closing day.

  • Icon of a document


    Loan Closings


During the Session

Part 1: Knowledge Check
Ask attendees these questions to ensure they understand the topic:

  • What does the standard process of a loan transaction closing look like?
  • What are some factors that might affect the closing date?
  • What kinds of tasks is lender’s counsel typically responsible for during the closing process? What about borrower’s counsel?
  • What information is typically set out in the borrowing notice?
  • What’s the purpose of a funds flow memorandum?
  • What do the parties confirm during their meeting on closing day?
Part 2: Group Exercise

Lead a group discussion based on the exercise. To encourage collaboration, divide the attendees into groups to discuss the exercise, then have a representative from each group summarize their views to the larger group. Call on people to share their thoughts and ask others to respond.
Tip for remote sessions: use your web conferencing system’s breakout room feature to divide people into groups.
Part 3: War Stories and Firm Specifics
Share your own experiences and guidance, including:

  • Anecdotes and war stories (e.g., about a near-disaster or a tough negotiation)
  • General practice tips (dos and don’ts)
  • Firm-specific guidance and practices

After the Session

To continue their learning, attendees can check out related courses in Hotshot’s Commercial Lending topic.

About Hotshot

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