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Looking for a new challenge in your career? How about working for SBA in Sacramento?
Just announced vacancy for the Director of the Sacramento Loan Processing Center. SBA is looking for qualified individuals to apply for this position (called Supervisory Loan Specialist) by July 22. Great way to serve small businesses! More >
Get Involved: Make This YOUR Year to Run for the Board of Directors
Each member institution/company designates an individual to serve as the one person “who shall be authorized to exercise all of the rights and privileges of the organization he or she represents.” This individual is known as the Member-of-Record (MOR). Only the MOR of an organization in good standing is eligible to run for election and to vote for board representatives. Find out who the MOR is for your bank/company >
July 11 – Nomination packets sent to members of record.
July 29 – Membership roster closed to determine voting eligibility.
July 29 – Nominations due.
August 5 – Ballots emailed to all members of record.
Sept 23 – All ballots must be submitted electronically or postmarked by this date.
November 1-2 – Results announced at the Annual Conference in Scottsdale, AZ
A boatload ...
Okay, we don't have a boatload of puppies for you, but NAGGL does have a boatload of training opportunities in July & August that you won't want to miss! You know that we provide the most accurate, up-to-date information on SBA program requirements, all taught by the true experts in the industry--practicing lenders, attorneys and more. Visit the Community Calendar for all the details!
Just added to training schedule: July 28 - WEBExpress - Defining “Small” for Purposes of SBA Loan Eligibility (Size & Affiliates)In order to qualify for an SBA loan, a business must be SMALL as defined by SBA. Under the agency’s definition, the size determination is based on both the loan applicant alone, and on the loan applicant PLUS ANY AFFILIATES. SBA recently published a Final Rule (effective 7/27/2016) that modified some criteria that SBA uses to determine affiliation when an entity is seeking an SBA business loan or surety bond guarantee. More >
Corrected Link to Current Oversight Bill - Congressional Close Up - FY 2017 News >
SBA Final Rule on Affiliation details >
SBA LIBOR Base Rate = 3.47%
SBA Optional Peg Rate = 2.13%
Prime Rate = 3.50%
SBA FIXED Base Rate = 4.64%
Maximum allowable fixed rates >
Annual Conference on Small Business Lending
October 31-November 2 • Scottsdale, AZ
Before September 2: $1,050 Mbr; $1,550; Non-Mbr; $650 Govt
After September 2: $1,300 Mbr; $2,000 Non-Mbr; $650 Govt
REGISTER TODAY >
COURSES being offered >
Preliminary Agenda Format >
Fairmont Scottsdale Princess
7575 E. Princess Drive
Scottsdale, AZ 85255
Room Rate: $245
Hotel Cut-Off Date: October 8 (or until sold out)
Online Hotel Reservations >
An advanced non-refundable deposit of one night's room
and tax will be charged to the credit card on file for NAGGL
guests 14 days prior to your arrival date.
IMPORTANT NOTE: If you are called by a third party asking you to reserve your hotel room, note that this is a SCAM and you should not give your information or credit card info to this company. This company is not affiliated with our conference or the hotel. At this time, there are plenty of rooms available in our block, and this is the way you should book your room, exclusively through the group page link provided above.
NAGGL, SBA Launch "Business Smart Toolkit" to Elevate Entrepreneurship in Underserved Communities
NAGGL and the SBA are proud to announce the release of the Business Smart Toolkit, a ready-to-use workshop toolkit that equips and empowers faith based and community organizations to lay the groundwork for helping new and aspiring entrepreneurs launch a business idea and build a business that is credit ready. www.sba.gov/BusinessSmart >