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7(a) loan volume, oversight legislation, gauranty fees change October 1, secondary market pool changes, vote for directors.

The Small Business Administration is hiring temporary employees to assist with disaster relief efforts this hurricane season from September 1st to December 31, 2017. Bilingual language skills a plus. Please share with friends and colleagues in the industry who may be interested. SBA is an Equal Employment Opportunity Employer.

Hurricane response jobs at the SBA >

Help with Hurricane's Harvey and Irma Recovery (temporary positions) >  

SBA is looking to hire additional skilled loan processing staff on a temporary basis to handle the high volume of home and business disaster loans that is expected. General information about employment in SBA’s disaster program >  Please share with friends and colleagues in the industry who may be interested.

SBA issues Deferment Notice 5000-4021; SBA Disaster offices need skilled loan processing staff NOW

As the affected communities struggle with the continuing effects of Hurricane Harvey and its aftermath, SBA is gearing up to assist homeowners and business owners that were -- and will continue to be -- impacted by the horrible storm. NAGGL is in close contact with SBA and on 8/31 we received information to share with our members on two important initiatives:

  • On August 31, 2017, SBA issued a Deferment Notice to inform all borrowers with SBA-serviced loans that were in regular servicing status when the storm hit that it is automatically providing a 9- or 12-month (depending on the location of the borrower) payment deferment, and encouraging SBA lenders to provide similar deferments to 7(a), 504 and microloan borrowers. [Please note: Deferments on 7(a) loans that were sold in the secondary market are subject to the deferment requirements related to sold loans.] 
    • Primary counties – Existing borrowers in Regular Servicing will receive an automatic deferment of principal and interest payments for 12 months.
    • Contiguous counties – Existing borrowers in Regular Servicing may be eligible for deferment of up to 9 months upon request by the borrower to the appropriate SBA servicing center.

    As we learn more about ways that lenders can support the disaster recovery effort, we’ll let you know.  

TX Disaster Center - Disaster Assistance >

TX Resource Partners >


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

Rescission of Notice SBA 7(a) Lender Mission Rating

Policy Notice 5000-4020 was published on August 24, 2017 to rescind the 7(a) lender mission rating scorecard methodology originally announced in Notice 5000-1393 because the data "used for the proposed scorecard and benchmarks are not sufficiently reliable and robust for the context and performance analysis that SBA intended."

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


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

After September 8: $1,300 mbr, $2,000 non-mbr, $650 Govt      

Register Now >

Very 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: until sold out (Oct. 31 is sold out!)
Call the hotel directly to be placed on the waiting list
Room Rate: $223 (+13.28% occupancy tax +$16 resort fee)

Overflow Accommodations > 


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

Prime Rate = 4.25%

SBA FIXED Base Rate = 6.19%
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."]

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10/11/2017 » 10/12/2017
Greenville, SC - Advanced SBA Loan Servicing and Liquidation

10/30/2017 » 11/3/2017
Colorado Springs - Annual Conference & Post-Conference Training Courses

11/14/2017 » 11/15/2017
ONLINE Course: SBA 1502 Reporting

Member Resources