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NAGGL News Update with NAGGL president & CEO Tony Wilkinson (9/13/16) 


SBA Information Notice, 5000-1389, 7(a) and 504 Fees Effective October 1, 2016

For all 7(a) loans (except certain loans to veterans) approved during FY17, there will be no change in the upfront guaranty fee and there will be an increase in the annual service fee.

7(a) loans $150,000 or less
Annual service fee = 0.546% of guaranteed portion of outstanding balance of loan [Must be adjusted manually in the Authorization Wizard]

Upfront guarantee fee = $0 AND lenders may not charge the borrower for ANY guarantee fee [Must be adjusted manually in the Authorization Wizard]

90-Day Rule: If 2 or more loans approved within 90 days of each other, guarantee fee is determined "based on the aggregate amount of the loans" [no change to current policy]

7(a) loans > $150,000 (except certain loans to veterans)

Annual service fee = 0.546% of guaranteed portion of outstanding balance of loan [Must be adjusted manually in the Authorization Wizard]

Upfront guarantee fee depends on the loan amount & maturity -- NO change from FY 2016


SBA publishes Proposed Rule, Miscellaneous Amendments to Business Loan Programs and Surety Bond Guarantee Program”
Comment period ends October 11
The proposed rule is meant to clarify and streamline regulations by removing outdated provisions. Watch your inbox for more detail!


 

SBA Loan Officer needed in El Monte, CA >  

SBA Business Sales Development Officer needed in WV >

VP SBA Lending Officer needed in Los Angeles area >

 AVP SBA Loan Processor & Note Closer in Los Angeles >



SEPTEMBER RATES

SBA LIBOR Base Rate = 3.52%
SBA Optional Peg Rate = 2.13% (July-Sept)
Prime Rate = 3.50%
SBA FIXED Base Rate = 4.85% 
Maximum allowable fixed rates >  


 

 

 

 

 

 

 

 

Annual Conference on Small Business Lending          
October 31-November 2 • Scottsdale, AZ

FEE
$1,300 Mbr; $2,000 Non-Mbr; $650 Govt 

LOCATION
Fairmont Scottsdale Princess
7575 E. Princess Drive
Scottsdale, AZ 85255

REGISTER TODAY > 

COURSES being offered >

Preliminary Agenda Format > 

 

 

 

 

 

 

OVERFLOW ACCOMODATIONS
(All located 1 mile from the Fairmont Hotel
with Shuttle service provided)


Scottsdale Marriott at McDowell Mountain

Reservations: 888.236.2427
Hotel Cut-Off: October 14
Room Rate: $209
www.marriott.com/phxno
Online Reservations > 

Courtyard by Marriott
Direct: 480.922.8400 
Toll Free: 800.309.8547
Room Rate: $199
Online Reservations > 

Springhill Suites North
Direct: 480.922.8700 
Toll Free: 800.309.8547
Room Rate: $189 
Online Reservations > 
(Complimentary breakfast included)

IMPORTANT NOTE: NAGGL does not endorse nor have a relationship with ANY outside hotel booking agency. 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 you should book your room exclusively through the group page link provided in NAGGL promotional materials and on its website.


 

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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NAGGL, SBA Launch "Business Smart Toolkit" To Elevate Entrepreneurship In Underserved Communities Last September, NAGGL and SBA released the Business Smart Toolkit, a ready-to-use workshop toolkit that equips faith-based and community organizations to help new and aspiring entrepreneurs launch and build businesses that are credit ready. In recognition of Black History Month and NAGGL's announcement of its place on the National Urban League's Urban Solutions Council, we'veresurfaced the release on the Toolkit >  



NAGGL, SBA Launch "Business Smart Toolkit" To Elevate Entrepreneurship In Underserved Communities Last September, NAGGL and SBA released the Business Smart Toolkit, a ready-to-use workshop toolkit that equips faith-based and community organizations to help new and aspiring entrepreneurs launch and build businesses that are credit ready. In recognition of Black History Month and NAGGL's announcement of its place on the National Urban League's Urban Solutions Council, we'veresurfaced the release on the Toolkit >  

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10/31/2016 » 11/4/2016
ANNUAL CONFERENCE on Small Business Lending

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