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2017 Board Election Timeline

July 28 – Membership roster closed to determine voter eligibility
July 28 – Candidate nominations due  
August 4 – Ballots transmitted to Members-of-Record 
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


Changes to SBA’s Secondary Market Loan Pooling Program – effective October 17
As of October 17, all guaranteed portions of loans in a Pool presented for settlement with SBA’s FTA will be required to have a minimum maturity ratio of at least 94% for Standard Pools and WAC Pools. “Based on SBA’s expectations as to future Pool performance, SBA has determined that, in order to lower the costs associated with SBA’s Secondary Market Loan Pooling Program, it is necessary to increase the minimum maturity ratio -- in other words, to reduce the difference between the shortest and the longest remaining term of the guaranteed portions of loans in a Pool. A higher minimum maturity ratio will decrease the difference between the amortization rates of the guaranteed portions of loans in a Pool. This will cause the cash flows from the guaranteed portions of loans in the Pool to be more homogenous, and will more closely match the amortization rate of the Pool Certificate. This is an important driver in reducing the cost of SBA’s timely payment guaranty on Pool Certificates.” More > 


SBA Administrator appoints General Counsel and AA for Office of Communications & Public Liaison
SBA Administrator Linda McMahon announced the appointment of new members to her executive team: Christopher Pilkerton as General Counsel and Patricia Gibson as the Associate Administrator for the Office of Communications and Public Liaison. 

"I am extremely delighted to welcome two new additions to my executive team here at SBA," McMahon said. "Chris and Pat both bring tremendous expertise and knowledge needed to efficiently and effectively further execute the Agency's mission of small business growth and job creation."  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 >  



Commercial SBA Loan Coordinator (Burlington, WA)

SBA Workout & Liquidation Specialist (Atlanta)

SBA Loan Coordinator (San Diego)

Senior SBA Commercial Loan Processor (Sacramento)

More >

 


Lots of Upcoming Training!

Tabs, Tabs, Tabs ... and Even More Tabs!

Invite your entire special assets and credit teams for these practical 'how-to' sessions. One price, one connection;one conference room filled with YOUR staff!

July 25 - How to Complete Offer in Compromise Tabs & Litigation Form ($145)

August 1-2 – Closing and Funding the SBA Loan (Boston, MA)
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


JULY RATES

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

Prime Rate = 4.25%

SBA FIXED Base Rate = 6.39%
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.625 = 2.63% for 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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Calendar

7/13/2017 » 7/25/2017
WEBExpress Series: Tabs, Tabs, Tabs ... and Even More Tabs -

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

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

Member Resources