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Annual Conference Hotel Registration >
Brochure
>
NOTE: Training in NORFOLK, VA, September 15-19
has been CANCELLED.
Online (No Travel!) - Preserving the SBA Guarantee -
September 17-18
An Advanced Lender
Diploma course offered online over 2 days (September 17-18)
and taught by former SBA associate administrator and NAGGL EVP,
Jane
Butler.
The course explores the steps to follow throughout the SBA loan process
to protect the SBA guarantee. Course is limited to 20 attendees. More
>
Online
registration >
JUST ADDED - Advanced SOP 50-10 Training - October
31
We've just added the Advanced SOP 50-10
Training to the Annual Conference slate of courses.
This course uses advanced case studies to teach lenders how to apply SOP
50-10 requirements and policies. Great opportunity to take
Understanding the SOP 50-10 October 27-28 and
follow it up with the advanced course!
Sizzling Summer SOP Series
"We have learned so
much already, and have been able to incorporate the new SOP changes into
the processes here." - Cynthia Hatch, Zions Bancorp
SOP 50-10 (5)
WEBExpress Training
Details
>
August 19 - Equity & Closing:
What's New in SOP
August 21 - Collateral Changes
September 9 - Environmental Requirements
September 11 - Construction Lending Impact
September 18 - 504 Changes for 7(a) Lenders
Your registration fee entitles you to ONE phone line and
ONE Internet connection.
Faxable
registration form >
Indian Wells, CA - Training Courses- October 27-28 &
31
SBA 1502 Reporting,Creating Efficiency in SBA Lending,
Understanding the SOP 50-10, SBA Servicing & Liquidation, Closing
& Funding the SBA Loan, Mechanics of the 7(a) Secondary Market,
Advanced SOP 50-10 Training, and SBA Sales & Service
Excellence. More >
Indian Wells, CA - Annual Conference: The Future is Here - October
28-30
Two days at the premier SBA lending conference are packed
with a variety of sessions exploring guarantee purchase issues
and solutions, clarifying policy in the SOP 50-10, defining the new
environmental due diligence requirements, delving into the issues that
need to be addressed in modernizing the SOP 50-51, refining legislative
requests, learning what to expect from a new Administration--and more.
Plus loads of fun networking as we kick-off the start of our 25th
Anniversary year! Together, the future is ours -- and It's Here.
More
>
Register Online >
Pittsburgh, PA - WPASGL - Golf and SOP Highlights -
September 15
More
>
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Post Your SBA Lending Positions - Includes Resume Search -
$150
Employers seeking qualified SBA lending professionals. More >
Bush Names Baruah Acting SBA Administrator
In response to President Bush naming Sandy K. Baruah to be
the U.S. Small Business Administration's Acting Administrator, today the
agency welcomed Baruah and prepared for his arrival. Baruah, who is
pending Senate confirmation as SBA Administrator, is Assistant Secretary
for Economic Development at the Department of Commerce, and comes to SBA
with deep experience in promoting local business growth, managing
organizational change, and responding to federal disasters. He has
worked for small businesses, helped small businesses grow, and was
raised by a mother who ran her own small business. He starts work at SBA
on Monday, August 18. More >
SBA National 7(a) Loan Authorization
NAGGL has been informed that the Loan Authorization is in
process of being updated to reflect changes in the SOP 50-10(5) and
should be available in late September. Until that time, SBA has advised
that when their are conflicts between the SOP and the Authorization, the
SOP requirements override. (This is in direct contrast to the normal
rule that the Authorization controls SBA lending requirements.)
NAGGL Survey on Guarantee Purchase Request
The survey sent to each lending institution on July 30 will be
available for completion until August 20.
SBA
FAQ on SOP 50-10(5) >
SBA
FAQ, Environmental >
SBA Forms, Checklists
SBA is working to
revise the forms and checklists affected by implementation of the new
SOP 50 10(5). The agency has advised NAGGL that until the new
documents are published, lenders should follow the the requirements of
the new SOP which took effect on August 1, making pen-and-ink changes to
any of the checklists as necessary. PLEASE NOTE: Several forms on the Standard 7(a) Loan Guaranty
Processing Center (LGPC) website carry a date of July 25, 2008. It's
critical to understand that these forms are NOT compliant with the
new SOP. Rather, the date reflects a minor change in a phone number on
the forms.
PLP
Eligibility Checklist dated 8/1/08 >
VOTE for Board of Directors - Win $100!
That's right. Electronic ballots for this
year's board election will be emailed to each eligible member-of-record
on August 22 and must be completed by September 19. There are six open
seats: 2 large bank, 3 small bank and 1 non-bank lender. Only MORs can
vote - and this year we're offering a little incentive: everyone who
votes will be placed in a random drawing to win $100. Get Involved.
Vote!
August In Focus Available More
>
 SBA 1502
Reporting: Process, Changes
A popular NAGGL class is back on the schedule. The first
offering in 2008 is in Indian Wells, CA on Monday, October
27 and taught by Christopher Anthony of Colson Services Corp.,
the SBA's Fiscal & Transfer Agent (FTA). Get details of 1502
reporting directly from the FTA.
SBA Revised Environmental Definition & Reliance
Letter
SBA has issued Procedural
Notice 5000-1063, along with an attachment, to modify "the definition of 'Records Search with Risk
Assessment' (found in Appendix 2) and the Reliance Letter (found in
Appendix 3)." The definition of “Records
Search with Risk Assessment” (Appendix 2, page 325) was modified
to clarify that any number of historical use records may be utilized
based upon the judgment of the environmental professional conducting the
search and to correct the hyperlink found in footnote 5, which appears
in this definition. The revised Reliance Letter found in Appendix
3 (page 327) to: (1) clarify that the maximum amount of liability to an
environmental professional or their firm will not exceed the $1,000,000
in errors and omissions liability insurance that they are required to
maintain; (2) clarify that the Lender or SBA may provide the borrower
with a copy of the environmental report for informational
purposes only; (3) state that an environmental
professional may be employed by or affiliated with the lender but must
be independent of and not a representative, employee or affiliate of the
borrower or operating company; (4) incorporate provisions to recognize
that environmental professionals may be working with environmental
firms; and (5) add a signature block for an environmental firm to sign
if applicable.
New
Reliance Letter >
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