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Note: IVES and IRS transcript delays

The IRS has been updating their the transcript request process. IRS has also strengthened their access for the IVES system and users of this system. Existing users of IVES will need to update their account by providing more information (mobile phone number and tax information) in order for IRS to authenticate identities.  For new users, additional steps will be required including providing emails, mobile phone number, tax information and personal financial account information. 

This new IRS requirement is intended better protect the personal information of all taxpayers. More information on the recent changes >


Congress agrees to short-term Continuing Resolution to fund federal government - Expires December 22

NAGGL, as always, will be watching the situation closely and updating members when there is credible information to report.



In this NAGGL video news update CEO Tony Wilkinson talks FY18 7(a) loan volume, the current continuing resolution budget, congress is working on an authorization bill for SBA with more to follow in 2018. And a big thank you to chairman Larry Conley for your three years of service.




We need current borrower success stories!

We regularly share details of borrowers success after receiving a 7(a) loan with The Hill. Our treasure chest of stories needs to be replenished with current stories. PLEASE - Send them our way > 


     

SBA Lender Leadership Summit     
February 22-23, 2018  
Austin, TX

$895 [ Members-only event ]
Limited to lending institutions only.              
 
Register Now > 
  

The Driskill Hotel
604 Brazos Street
Austin, TX  78701

Reservations: 800.233.1234
Room Rate: $259
Hotel Cut-Off Date: January 26

Online Hotel Reservations >


New Jobs Posted 

Loan Officer (AR) >

Credit Analyst (AR) >

SBA Loan Underwriter (CA) >

Community Loan Programs / 7(a) Administrator (CA) >

 

Link to the NEW Franchise Directory >


SOP 50 10 5(J) published with effective date of January 1, 2018

Notice 5000-17008, Issuance of SOP 50 10 5(J) >

SOP 50 10 5(J) >

Notice 5000-17009, Franchise Review Process >

SBA Form 2464 >


SBA issues new forms via Notice 5000-17007

Lenders can begin using the new Forms 1919 and 1920 as soon as they are available on sba.gov ... The use of these new Forms will be MANDATORY as of January 1, 2018. 

SBA Form 1919 >

SBA Form 1920 >

SBA Form 1971 >

SBA Form 2237 >

SBA Form 2449 >


FY 2018 Fees (includes chart) >


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 > 

DECEMBER RATES

SBA LIBOR Base Rate =4.38%
History of SBA LIBOR base rate > 

Prime Rate =4.25%

SBA FIXED Base Rate = 6.65%
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.50% [October 1–December 31]
[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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2/22/2018 » 2/23/2018
SBA Lender Leadership Summit

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