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2017 Board Election Timeline

   September 22 – Ballot Deadline: ballots submitted electronically or postmarked by this date            
 October 30-November 1 – Results announced at the Annual Conference in Colorado Springs, CO

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Catchall Regulation published August 19; EPC/OC changes effective September 20

SBA published the long-awaited 'Catch-all Regulation' that, among other things, makes changes to the conditions that an Eligible Passive Company (EPC) must satisfy to permit SBA loan proceeds "to be used to finance a change of ownership between existing owners of the EPC" [SOP 50 10 will provide further guidance] and a clarification of eligible use of proceeds when the OC is a co-borrower on a loan, along with many other small discrete changes to regulations impacting the 7(a) program.  Watch your inbox early the week of August 20 for NAGGL's full analysis! More >

FY 2018 Fees

5000-1954, 7(a) and 504 Fees effective October 1, 2017 >

5000-1955, Fees for 7(a) Loans Made to Veteran Owned Small Businesses Effective
October 1, 2017 >

Ongoing (annual service ) fee = 55 basis points

 

  Senate unanimously approves nomination of SBA Deputy Administrator Rear Admiral Althea H. Coetzee  

“I am pleased that Admiral Coetzee’s nomination has passed the full Senate,” said Senator Risch. “From her time serving our nation as a member of the U.S. Navy in a series of management positions, to her tenure at the Department of Defense, and later as a small business owner herself, Admiral Coetzee is an exemplary public servant and has the experience needed to help manage the Small Business Administration. [Senator Risch]

“The broad support for SBA and its mission is reflected in the bipartisan vote our committee and the Senate gave to both Administrator Linda McMahon and now Deputy Administrator Coetzee. I look forward to working with this new leadership team to improve SBA’s services and ensure the agency is a flexible and efficient resource for our job creating small businesses and entrepreneurs.” [Senator Shaheen]


Understanding the changes to Secondary Market pools (effective October 1, 2017) More > 


Calling all political junkies! Interested in better understanding the ins & outs of government relations as it relates to the 7(a) program? Want to know how to best communicate with your congressional representatives and the agency while getting involved with NAGGL leadership and learning about our PAC? Add an Individual Membership to your existing NAGGL membership. Get FAQ > 


    

Annual Conference
October 30-November 1 • Colorado Springs, CO

 
REGISTRATION FEE
Before September 8: $1,050 mbr, $1,550 non-mbr, $650 Govt  
After September 8: $1,300 mbr, $2,000 non-mbr, $650 Govt

Register Now >

Limited Booth Space Still Available > 

The Broadmoor Hotel
1 Lake Avenue
Colorado Springs, CO 80906

Direct: 719.634.7711
Reservations: 855.586.0957
Hotel Cut-Off: October 6 (or until sold out!)
Room Rate: $223 (+13.28% occupancy tax +$16 resort fee)
Online Reservations >


Lots of Upcoming Training!

August 23 & 24 - WEBExpress: Two days of Construction Lending Topics
September 7 - WEBExpressPreserve Your Guaranty - Don't Make These Mistakes
September 14 - WEBExpress: Post Purchase Review
September 20 - WEBExpress: Winter IS Coming ... How to Meet the Prudent Liquidation Deadline


AUGUST RATES

SBA LIBOR Base Rate = 4.23%
History of SBA LIBOR base rate > 

Prime Rate = 4.25%

SBA FIXED Base Rate = 6.27%
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.625 = 2.63% [July 1-September 30]
[p. 127, SOP 50 10 5(I), "Base Rates will be rounded to two digits with .004 being rounded down and .005 being rounded up."]


  

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 > 


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9/12/2017 » 9/13/2017
Orlando - Fundamentals of SBA Credit Underwriting

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